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LONDON - Joh. Berenberg, Gossler & Co. KG, an exempt principal trader connected to Dalata Hotel Group plc, disclosed dealings in the company’s shares on Monday, in accordance with the Irish Takeover Panel’s regulations. The transactions took place against the backdrop of the 1997 Irish Takeover Panel Act and the Takeover Rules of 2022.
On Monday, Berenberg engaged in the buying and selling of Dalata Hotel Group’s ordinary shares, with a total of 20,000 shares traded. The highest price paid per unit for the purchases was 5.5072, and shares were sold at prices ranging from 5.50 to 5.53. The firm did not engage in any cash-settled or stock-settled derivative transactions on the day.
The dealings come as Berenberg operates in a client-serving capacity, adhering to the stringent disclosure requirements set by the Irish Takeover Panel. No additional dealings in respect of any other party to the offer were reported, and no indemnity or dealing arrangements related to the transactions were disclosed.
The announcement, dated today, was made public by Paul Tiernan, a representative of Berenberg. The news service of the London Stock Exchange (LON:LSEG), RNS, disseminated the information, which is regulated by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
This trading activity is part of the standard operations under the framework governing the conduct of takeovers, mergers, and other substantial transactions involving publicly listed companies in Ireland. The disclosure does not imply any significant change in Dalata Hotel Group’s operations or ownership but reflects the transparency required in such financial dealings.
Investors and market observers are provided with this information based on a press release statement, ensuring awareness of the trading activities by connected parties during sensitive periods governed by takeover rules.
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