China smartphone shipments slumped in June on inventory overhang: Jefferies
DUBLIN - J&E Davy Unlimited Company disclosed Monday its dealings in Dalata Hotel Group PLC (ISE:DHG) shares as required under Irish takeover rules.
According to the regulatory filing submitted to the Irish Takeover Panel, Davy, acting as an exempt principal trader with recognized intermediary status, purchased 925,982 ordinary shares in Dalata at prices ranging from €6.38 to €6.39 per share on July 18.
The firm also sold 829,665 Dalata ordinary shares on the same day at prices between €6.39 and €6.395 per share.
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 of companies involved in takeover situations.
Davy confirmed in the filing that it is connected to Dalata Hotel Group PLC in relation to the disclosed transactions. The firm stated it is not making disclosures regarding any other party to an offer.
No information regarding indemnity arrangements, understandings related to options, or derivatives was included in the disclosure.
The trading disclosure comes amid ongoing market activity in Dalata shares, though the filing did not provide details about any specific takeover situation involving the hotel group. The information was provided through a regulatory news service based on a company press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.