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DUBLIN - Investment manager UBS O’Connor has disclosed a 1.12% stake in Dalata Hotel Group PLC, according to a regulatory filing released Tuesday.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, shows UBS O’Connor holds 2,377,426 shares in the Irish hotel operator through derivatives, representing approximately 1.12% of the company.
The filing indicates UBS O’Connor increased its position on Monday by purchasing an additional 200,000 shares via contracts for difference (CFDs) at a price of €6.3796 per share.
The disclosure was made in compliance with Irish takeover rules, which require public disclosure when an entity acquires an interest of 1% or more in a company that is subject to an offer period.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the UK, primarily operating under the Clayton and Maldron brands.
The disclosure was submitted to the Regulatory News Service (RNS) of the London Stock Exchange (LON:LSEG) as part of standard market transparency requirements, based on information provided in a company press release.
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