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DUBLIN - Investment bank Joh. Berenberg, Gossler & Co. KG reported significant trading activity in Dalata Hotel Group plc (LSE:DAL) shares, according to a regulatory filing submitted Wednesday to the Irish Takeover Panel.
The disclosure, required under Rule 38.5(a) of the Irish Takeover Panel Act, shows Berenberg purchased 1,242,676 ordinary shares of Dalata Hotel Group on July 15, at prices ranging from €6.355 to €6.38 per share. During the same period, the firm sold 1,192,676 shares at prices between €6.36 and €6.38.
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 filing indicates Berenberg has no indemnity or option arrangements, agreements, or understandings relating to voting rights of relevant securities or future acquisitions or disposals.
This disclosure comes as part of regulatory requirements for principal traders connected to companies involved in potential takeover situations. The filing does not specify details about any ongoing offer involving Dalata Hotel Group.
Dalata Hotel Group operates more than 50 hotels across Ireland, the UK, and continental Europe under its Maldron Hotels and Clayton Hotels brands.
The information was disclosed in accordance with the Irish Takeover Panel’s rules governing principal traders’ activities during offer periods.
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