J&E Davy reports trading in Dalata Hotel Group shares

DUBLIN - J&E Davy Unlimited Company, a connected exempt principal trader, disclosed its recent trading activities in shares of Dalata Hotel Group PLC, according to a filing with the Irish Takeover Panel on Monday.

The trading occurred on Monday, involving both purchases and sales of Dalata Hotel Group’s ordinary shares. J&E Davy bought a total of 126,454 shares at prices ranging from 6.23 to 6.32 EUR and sold 86,171 shares with prices between 6.26 and 6.34 EUR. Additionally, the company engaged in smaller transactions denominated in British pounds, buying 500 shares at prices between 530 to 531.97 GBX and selling 250 shares at 530 GBX.

The transactions took place amid the context of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which regulates trading activities related to mergers and acquisitions. The disclosure did not indicate any derivative transactions, stock-settled derivative transactions, or other dealings such as subscriptions or conversions.

No indemnity or option arrangements, agreements, or understandings related to the relevant securities were reported, according to the disclosure, which also stated that there were no such agreements, arrangements, or understandings in place that would be an inducement to deal or refrain from dealing.

The details of the trading activities were made public in compliance with Rule 38 of the Irish Takeover Panel’s rules, which require disclosures to be made to a Regulatory Information Service. This information is based on a press release statement and is intended to provide transparency regarding the trading of shares by connected parties during takeover-related periods.

The disclosure provides investors and the market with insight into the trading behavior of connected principal traders in relation to the securities of companies involved in takeover situations. It is a routine part of market operations and is required for maintaining an orderly and transparent market, particularly during sensitive periods when companies are subject to takeover rules.

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