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DUBLIN - Investment bank Joh. Berenberg, Gossler & Co. KG disclosed Wednesday that it purchased and sold 403,014 shares of Dalata Hotel Group plc (LSE:DAL) on August 26, according to a regulatory filing with the Irish Takeover Panel.
The transactions were executed in Berenberg’s capacity as an exempt principal trader with recognized intermediary status dealing in a client-serving capacity. The bank purchased the shares at a price of €6.38 per unit and sold them at prices ranging from €6.37 to €6.385 per unit.
The disclosure was made under Rule 38.5(a) of the Irish Takeover Panel Act, which requires connected exempt principal traders to report dealings in relevant securities during offer periods.
Berenberg identified itself as connected to Dalata Hotel Group in the filing. The bank confirmed it is not making disclosures regarding any other party to the offer.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom.
The disclosure, submitted as Form 38.5(a), is part of the transparency requirements for market participants during takeover situations. The filing contains no information about any potential takeover offer involving Dalata.
The information was provided through a Regulatory Information Service filing, as required for public disclosures under Rule 38 of the Irish Takeover Panel rules.
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