Berenberg trades Dalata Hotel Group shares amid takeover rules

Published 04/06/2025, 15:02
Berenberg trades Dalata Hotel Group shares amid takeover rules

LONDON - Joh. Berenberg, Gossler & Co. KG, an exempt principal trader, reported transactions in the shares of Dalata Hotel Group PLC, in accordance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. On Tuesday, Berenberg engaged in buying and selling a total of 100,000 ordinary shares of Dalata Hotel Group at prices ranging between 6.065 and 6.080.

These transactions are part of the standard disclosures required under the rules governing takeovers in Ireland, specifically Rule 38.5(a), which mandates that connected exempt principal traders with recognized intermediary status report their dealings in client-serving capacities.

The dealings occurred amidst no reported agreements, arrangements, or understandings related to the voting rights of the relevant securities under any option or derivative that could influence an individual’s decision to trade or refrain from trading.

Berenberg, connected with Dalata Hotel Group PLC, has not disclosed any additional dealings in respect of any other parties to the offer. The firm has also stated that there are no indemnity or option arrangements, or any agreements or understandings in place that may act as inducements to deal or refrain from dealing in the relevant securities.

The disclosure of these dealings was made public on Wednesday, June 4, 2025, with contact details provided for Dylan Wright, presumably for follow-up queries regarding the transactions.

This information is based on a press release statement and is intended for compliance with regulatory requirements, without any promotional intent or endorsement of the activities described.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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