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DUBLIN and LONDON - Dalata Hotel Group PLC (ISE: DHG, LSE: DAL), a prominent hotel operator, announced the completion of its €25 million share buy-back programme on Monday. The initiative, which was first publicized on October 15, 2024, concluded with the repurchase of 5,592,962 Ordinary Shares at an average price of €4.47 each.
Following the finalization of the buy-backs and the cancellation of the repurchased shares, Dalata's total issued share capital now stands at 211,483,988 Ordinary Shares, all carrying equal voting rights. The company confirmed it holds no Ordinary Shares in treasury, establishing the total voting rights in the firm at 211,483,988. This count serves as a reference for shareholders to determine their notification requirements regarding shareholding changes as per the Transparency Regulations 2007.
Dalata Hotel Group, with a portfolio largely situated in Ireland and the UK, is backed by hotel assets worth approximately €1.7 billion. Since its inception in 2007, Dalata has grown to become Ireland’s largest hotel operator. The company's expansion strategy focuses on acquiring properties in prime locations within major UK and Continental European cities. Operating under its Clayton and Maldron Hotels brands, Dalata currently owns and leases 55 hotels, predominantly four-star, with a total of 11,990 rooms and an additional 870 rooms in development.
For the six-month period ending June 30, 2024, Dalata reported revenues of €302 million, a basic earnings per share of 16.0 cents, and a Free Cashflow per Share of 21.5 cents. The group is listed on both the Main Market of Euronext (EPA:ENX) Dublin and the London Stock Exchange (LON:LSEG).
This news is based on a press release statement from Dalata Hotel Group PLC.
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