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DUBLIN - J&E Davy Unlimited Company reported trading activity in Dalata Hotel Group PLC shares on Wednesday, according to a regulatory filing submitted Thursday under Irish takeover disclosure rules.
The exempt principal trader, which has recognized intermediary status and operates in a client-serving capacity, purchased 170,975 ordinary shares of Dalata at prices ranging from €6.37 to €6.38 per share on July 30. During the same trading session, Davy sold 528,470 Dalata shares within the same price range.
Davy’s 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.
The filing indicates Davy is connected to Dalata Hotel Group in relation to the disclosed transactions, though no specific details about any potential takeover activity were provided in the disclosure.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280).
The disclosure, made through a Regulatory Information Service as required by Irish takeover rules, contained no information about any indemnity arrangements or agreements relating to options or derivatives connected to Dalata securities.
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