Barclays reports stake in Dalata Hotel Group amid takeover rules

LONDON - Barclays PLC (LON:BARC) disclosed on Thursday that it holds a combined interest and short position representing a significant stake in Dalata Hotel Group PLC, in accordance with the Irish Takeover Panel’s Rule 8.3.

The financial institution reported a total interest of 1.12% in Dalata Hotel Group, which includes 1,625,284 ordinary shares and cash-settled derivatives. The short positions held by Barclays amount to 1.11%, encompassing 773,681 shares and further derivatives positions.

The disclosure comes amid the regulations set by the Irish Takeover Panel Act of 1997, which mandates that any party with an interest in securities representing 1% or more must report their holdings during a takeover period. However, the announcement did not specify whether Barclays is connected to any offeror or offeree related to Dalata Hotel Group.

On Wednesday, May 28, 2025, Barclays engaged in multiple transactions involving Dalata’s €0.01 ordinary shares. The purchases ranged from small lots of 12 shares to larger acquisitions of over 30,000 shares, with prices per unit varying slightly around the €5.72 mark. Similarly, the sales conducted by Barclays were in varied quantities, with transaction prices closely aligned with the purchase prices.

The dealings in cash-settled derivative swaps indicated an increase in short positions, with significant numbers of reference securities traded at prices also in the range of €5.68 to €5.73.

Barclays has confirmed that there are no indemnity or option arrangements in place that would serve as an inducement to deal or refrain from dealing in the relevant securities. Additionally, there are no agreements, arrangements, or understandings related to options or derivatives connected to the voting rights of Dalata Hotel Group’s securities.

This disclosure, based on a press release statement, is a routine regulatory requirement and does not necessarily indicate any immediate strategic moves by Barclays in relation to Dalata Hotel Group. The financial details and holdings are a matter of public record and are intended to maintain transparency in the market during periods of potential corporate change.

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