J&E Davy trades Dalata Hotel shares ahead of takeover

Published 25/04/2025, 10:12
J&E Davy trades Dalata Hotel shares ahead of takeover

DUBLIN - J&E Davy Unlimited Company, an exempt principal trader connected to Dalata Hotel Group PLC, engaged in trading activities involving Dalata’s securities on Thursday, according to a disclosure made public on April 25, 2025.

The dealings occurred in the context of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. J&E Davy reported both purchases and sales of Dalata Hotel Group’s ordinary shares with the ticker symbol DAL, which are traded in euros and British pence.

The transactions included the purchase of 11,720 shares at a highest price of 5.29 EUR and a lowest price of 5.2 EUR per unit. Additionally, 1,000 shares were sold at a price of 5.2 EUR each. In terms of the shares traded in British pence, J&E Davy bought 1 share at 425 GBX and sold 2 shares with prices ranging from 425 GBX to 446.45 GBX.

No cash-settled derivative transactions or stock-settled derivative transactions were reported, and there were no other dealings, such as subscriptions or conversions, related to new securities.

The disclosure did not indicate any indemnity or dealing arrangements that could be an inducement to deal or refrain from dealing, nor were there any agreements, arrangements, or understandings relating to options or derivatives.

This trading activity comes amid the broader context of a takeover involving Dalata Hotel Group PLC, although no specific details about the offer or the parties involved were provided in the disclosure.

Investors and market watchers often scrutinize such trading disclosures for insights into market movements and potential strategic actions by connected parties ahead of significant corporate events like takeovers.

The information in this article is based on a press release statement and aims to provide a factual report of the disclosed dealings without speculation or promotional commentary.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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