Dalata Hotel Group reports share purchase by trustees

Published 31/03/2025, 11:30
© Reuters.

DUBLIN - Dalata Hotel Group PLC (ISE:DAL), a prominent hotel operator in Ireland, disclosed on March 31, 2025, a transaction involving the purchase of shares by trustees for certain employees and former employees. The transaction was conducted under the rules of the Irish Takeover Panel, specifically Rule 8.1(c) and (d)(i).

On March 28, 2025, the trustees of the Dalata Hotel Group plc Restricted Share Trust, managed by Goodbody Trustees Limited, acquired 64,800 ordinary shares at a price of €5.29591 per share. This purchase was made on behalf of certain employees or former employees of Dalata Hotel Group plc, who are presumed to be a concert party of the offeree.

The shares owned and/or controlled after this dealing amount to a total of 64,800, which represents 0.031% of the company’s relevant securities. There were no cash-settled derivatives or stock-settled derivatives involved in the transaction, and no short positions were reported.

Dalata Hotel Group PLC has confirmed that there are no indemnity or option arrangements, or agreements or understandings related to the relevant securities that may be an inducement to deal or refrain from dealing. Additionally, no supplemental Form 8 was attached to the disclosure.

The company has made this information public in compliance with regulatory requirements and has stated that the issuer is solely responsible for the content of the announcement. No other parties to the offer were disclosed in this transaction, and no further details regarding other transactions in respect of new securities were provided.

This disclosure aligns with the transparency obligations of the company and provides shareholders and the market with insight into the dealings of the company’s securities by related parties. The information is based on a press release statement from Dalata Hotel Group PLC.

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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