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DUBLIN - J&E Davy Unlimited Company, an exempt principal trader, disclosed on Monday that it has engaged in trading activities involving the shares of Dalata Hotel Group PLC, a company currently connected to a takeover-related event. The dealings were conducted in accordance with Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.
On Monday, May 16, 2025, J&E Davy purchased 10,000 ordinary shares of Dalata Hotel Group at a price of €5.4 per share. Concurrently, the company sold 19,300 ordinary shares, also at a price of €5.4 each. These transactions took place in the context of Dalata Hotel Group PLC being connected to a takeover offer, as specified by the rules governing trading during such periods.
The Irish Takeover Panel oversees the conduct of takeovers and other relevant transactions in Ireland to ensure fair treatment for all shareholders. J&E Davy’s trading activities are part of the normal course of business for connected exempt principal traders, who are required to publicly disclose their dealings to maintain transparency during the takeover process.
There were no cash-settled derivative transactions or stock-settled derivative transactions reported by J&E Davy in relation to Dalata Hotel Group PLC. Additionally, the company has not entered into any indemnity or option arrangements, nor has it established any agreements, arrangements, or understandings related to the voting rights or future acquisition or disposal of relevant securities.
The information disclosed is based on a press release statement and is intended to provide the public and investors with timely knowledge of significant trading actions by connected parties during sensitive periods in the market. It is standard practice for such disclosures to be made to a Regulatory Information Service and is part of the regulatory framework designed to ensure fairness and transparency in financial markets.
Investors and other market participants often monitor these disclosures closely as they can sometimes provide insights into the dynamics of a takeover situation and the positions that significant traders are taking in the securities involved.
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