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DUBLIN - Investment firm UBS O’Connor has increased its stake in Dalata Hotel Group PLC to 1.9044% through the purchase of derivatives, according to a regulatory filing published Monday.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals that UBS O’Connor bought 475,000 contracts for difference (CFDs) at a price of €6.3782 per unit on August 8. Following this transaction, UBS O’Connor now holds a total of 4,027,426 derivatives tied to Dalata shares.
The filing indicates that UBS O’Connor’s position consists entirely of derivative instruments rather than direct ownership of Dalata’s ordinary shares.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280). The company trades on the Euronext (EPA:ENX) Dublin and London Stock Exchange (LON:LSEG).
The disclosure was made in compliance with Irish takeover regulations, which require public notification when an entity acquires an interest representing 1% or more in a company that may be involved in a takeover situation.
The UBS O’Connor business operates under several UBS Asset Management entities, including those based in the UK, Hong Kong, Singapore, and the Americas, according to the regulatory filing.
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