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DUBLIN - J&E Davy Unlimited Company disclosed its trading activities in Dalata Hotel Group PLC (ISE:DHG) shares conducted on Wednesday, according to a regulatory filing submitted Thursday.
The Irish securities firm, acting as an exempt principal trader with recognized intermediary status, reported purchasing 37,451,828 ordinary shares of Dalata at prices ranging between €6.37 and €6.39 per share. During the same trading period, Davy sold 37,473,766 shares at similar price points.
The disclosure was made in compliance with Rule 38.5(a) of the Irish Takeover Panel Act, which requires connected exempt principal traders to report dealings in relevant securities during offer periods.
Davy confirmed in the filing that it is connected to Dalata Hotel Group in relation to the disclosed transactions. The firm indicated there were no cash-settled derivative transactions, stock-settled derivative transactions, or other dealings involving Dalata securities during the reported period.
The disclosure comes amid ongoing market activity in Dalata shares, though the filing did not specify details about any potential takeover situation involving the hotel group. Dalata is Ireland’s largest hotel operator with properties across Ireland and the United Kingdom (TADAWUL:4280).
The information was submitted through a Regulatory Information Service as required under Irish takeover regulations.
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