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DUBLIN - J&E Davy Unlimited Company, a connected exempt principal trader, reported dealings in shares of Dalata Hotel Group PLC, an Irish hotel operator, on Wednesday, May 21, 2025. The transactions occurred amidst a takeover scenario involving the company.
According to the disclosure made on May 22, J&E Davy engaged in both buying and selling activities of Dalata Hotel Group’s ordinary shares. The company purchased 367,395 shares at prices ranging from 5.5 to 5.6 EUR and sold 364,276 shares at prices between 5.515 and 5.605 EUR.
The dealings took place under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires certain disclosures from connected exempt principal traders involved in takeover situations. J&E Davy is connected to Dalata Hotel Group PLC, the offeree in this case, and is obliged to report its trading activities.
No cash-settled derivative transactions or stock-settled derivative transactions, including options, were reported by J&E Davy in relation to Dalata Hotel Group shares. Additionally, the company confirmed that no indemnity or option arrangement, agreement, or understanding exists that could be an inducement to deal or refrain from dealing in the securities.
The disclosed dealings are a standard part of the market operations surrounding takeover events, where traders with recognized intermediary status participate in the buying and selling of a company’s securities. These transactions can provide a glimpse into the market’s reaction to takeover news and the valuation of the involved entities.
The news comes at a time when the hospitality industry is closely monitoring corporate activities, especially takeovers that could signal consolidation in the sector. Dalata Hotel Group PLC, as one of the prominent players in the Irish market, has attracted attention with this potential takeover.
This report is based on a press release statement and provides an overview of the factual trading activities related to Dalata Hotel Group PLC by J&E Davy Unlimited Company.
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