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DUBLIN - Investment manager UBS O’Connor has disclosed a 1.01% stake in Dalata Hotel Group PLC, according to a regulatory filing published Tuesday.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, shows UBS O’Connor holds 2,136,599 shares in the Irish hotel operator through derivatives, specifically contracts for difference (CFDs).
The filing indicates UBS O’Connor increased its position on July 21, purchasing 250,000 shares at €6.3850 per share through CFD transactions.
The disclosure was made in accordance with Irish takeover rules, which require public disclosure when an entity acquires an interest of 1% or more in a company that is potentially subject to a takeover offer.
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 submitted to the Irish Takeover Panel and released through the Regulatory News Service of the London Stock Exchange (LON:LSEG).
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