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DUBLIN - J&E Davy Unlimited Company disclosed its trading activity in Dalata Hotel Group PLC (ISE:DHG) shares conducted on June 26, according to a regulatory filing released Friday.
The exempt principal trader, which has recognized intermediary status and operates in a client-serving capacity, purchased 103,953 ordinary shares of Dalata at prices ranging from €6.37 to €6.40 per share. During the same trading session, Davy sold 79,766 Dalata shares at prices between €6.36 and €6.40.
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.
J&E Davy confirmed in the filing that it is connected to Dalata Hotel Group in relation to the disclosed transactions. The company stated it is not making disclosures regarding any other party to an offer, indicating this is a single-party matter.
The filing contained no information about indemnity arrangements or understandings related to options or derivatives involving Dalata securities.
This information was provided through a Form 38.5(a) submission to the Irish Takeover Panel as required by regulatory disclosure rules.
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