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LONDON - Investment bank Joh. Berenberg, Gossler & Co. KG disclosed its trading activity in Dalata Hotel Group plc (ISE:DHG) shares, according to a regulatory filing published Wednesday.
The bank, acting as an exempt principal trader with recognized intermediary status, reported purchasing 10,000 ordinary shares at €6.4159 per share and selling 10,000 shares at prices ranging from €6.40 to €6.44 on Monday.
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 of companies involved in takeover situations.
Berenberg confirmed in the filing that it is connected to Dalata Hotel Group plc in relation to the transaction. The bank stated it is not making disclosures regarding any other party to the offer.
The disclosure is part of regulatory requirements for transparent reporting of trading activities by financial institutions during takeover periods. Such filings help ensure market transparency when financial institutions trade in securities of companies involved in potential acquisition scenarios.
The information was provided through a Regulatory Information Service, as required by Rule 38 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.
This article is based on a regulatory filing statement.
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