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DUBLIN - J&E Davy Unlimited Company, a connected exempt principal trader, reported dealings in the shares of Dalata Hotel Group PLC in accordance with the Irish Takeover Panel’s rules. The transactions took place on Monday, involving both purchases and sales of the company’s ordinary shares.
The reported dealings by J&E Davy occurred under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. On Monday, J&E Davy purchased 8,000 ordinary shares at a price of 5.2 EUR each and sold 7,451 shares with prices ranging from 5.2 EUR to 5.26 EUR per unit.
No stock-settled derivatives transactions, cash-settled derivative transactions, or other dealings in new securities were reported. Moreover, J&E Davy confirmed that there are no indemnity or option arrangements, or any agreement or understanding related to the relevant securities that may serve as an inducement to deal or refrain from dealing.
The disclosure, made on the date of the transactions, is a requirement under the rules governing the conduct of share dealings by connected exempt principal traders. It is intended to provide transparency in the market and is made to a Regulatory Information Service, as per the rules.
Dalata Hotel Group PLC, the subject of the trading, is a prominent hotel operator in Ireland. The dealings by J&E Davy come at a time when market participants closely monitor trading activities for indications of market sentiment or potential strategic movements.
This report is based on a press release statement and provides a factual account of J&E Davy’s trading activities in relation to Dalata Hotel Group PLC as required by the Irish Takeover Panel.
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