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DUBLIN - J&E Davy Unlimited Company, a connected exempt principal trader, disclosed dealings in the shares of Dalata Hotel Group PLC under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. This announcement was made following transactions that took place on Monday, indicating active market dealings in relation to the hospitality company’s securities.
On April 22, 2025, J&E Davy engaged in the purchase of 17,000 ordinary shares of Dalata Hotel Group PLC at prices ranging from 5.1 to 5.16 EUR per unit. No sales of Dalata’s ordinary shares were reported by the trader. The disclosure, required under Rule 38.5(a) of the Takeover Rules, was made public on Wednesday, April 23, 2025, and was provided by Kieren Kelly, a representative of J&E Davy.
The dealings took place in the context of the company’s connection to Dalata Hotel Group PLC, which is currently involved in a takeover scenario. No additional disclosures were made in respect of other parties to the offer, and no cash-settled or stock-settled derivative transactions were reported.
Furthermore, J&E Davy confirmed that there are no indemnity or option arrangements, or any agreements or understandings, formal or informal, related to the relevant securities that could be an inducement to deal or refrain from dealing. There were also no agreements, arrangements, or understandings relating to options or derivatives connected to voting rights or future acquisition or disposal of relevant securities.
The information is based on a press release statement and is intended to provide transparency in the market regarding the trading activities of connected exempt principal traders. It is a regulatory requirement to disclose such dealings to ensure all market participants have access to the same information. The London Stock Exchange (LON:LSEG)’s Regulatory Information Service was used to disseminate the disclosure, as mandated by the Irish Takeover Panel.
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