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DUBLIN - Pageant Investments Limited has disclosed a 0.95% stake in Dalata Hotel Group PLC, according to a regulatory filing made Thursday.
The investment firm reported ownership of 2,011,000 shares in the Irish hotel operator, as required under Irish Takeover Panel rules for entities holding interests representing 1% or more of a company’s securities.
The disclosure also revealed that Pageant Investments sold 315,000 Dalata shares at a price of €6.3625 per share on June 26.
The filing, known as a Form 8.3, is part of standard regulatory requirements that ensure transparency during potential takeover situations. Companies must disclose their positions when they hold significant stakes in businesses that may be involved in acquisition activities.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio that includes the Clayton and Maldron hotel brands across Ireland, the UK and continental Europe.
The disclosure was made in accordance with Rule 8.3 of the Irish Takeover Panel Act, which requires persons with interests in relevant securities representing 1% or more to report their holdings.
The information was provided through a Regulatory Information Service filing based on a company press release statement.
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