Fubotv earnings beat by $0.10, revenue topped estimates
DUBLIN - Investment bank Joh. Berenberg, Gossler & Co. KG has reported significant trading activity in Dalata Hotel Group plc securities, according to a regulatory filing submitted Monday under Irish takeover rules.
The disclosure, made in compliance with Rule 38.5(a) of the Irish Takeover Panel Act, revealed that Berenberg purchased 2,208,858 ordinary shares of Dalata Hotel Group at a price of €6.371 per share on August 1. The firm also sold 2,201,056 shares at prices ranging between €6.37 and €6.375 per share on the same day.
Berenberg is acting as a connected exempt principal trader with recognized intermediary status in a client-serving capacity related to Dalata Hotel Group, Ireland’s largest hotel operator.
The disclosure was made through a Form 38.5(a) filing, which is required when an exempt principal trader connected to a company involved in a potential takeover engages in dealings of relevant securities.
The filing indicated that Berenberg has no indemnity arrangements, options, or agreements relating to voting rights or future acquisition of Dalata securities.
Dalata Hotel Group operates more than 50 hotels across Ireland, the UK, and continental Europe under its Maldron Hotels and Clayton Hotels brands.
The disclosure was submitted to comply with the Irish Takeover Panel’s requirements for transparency in securities dealings during offer periods. No information regarding any potential takeover offer was included in the regulatory filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.