S&P 500 jumps as AMD rally leads tech higher
DUBLIN - Investment manager UBS O’Connor has increased its stake in Dalata Hotel Group PLC through the purchase of additional derivatives, according to a regulatory filing released Friday.
The firm bought 8,344 contracts for difference (CFDs) at €6.4150 per unit on September 25, bringing its total position to 5,112,125 shares, representing 2.42% of the Irish hotel operator.
The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which requires public disclosure of dealings by persons with interests in relevant securities representing 1% or more during an offer period.
UBS O’Connor’s position is held entirely through derivatives rather than direct ownership of Dalata shares, according to the filing. The investment manager’s holdings are managed through several entities including UBS Asset Management operations in the UK, Hong Kong, Singapore, and the Americas.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the UK operating primarily under the Clayton and Maldron brands.
The disclosure, made through a Form 8.3 filing to the Irish Takeover Panel, indicates potential takeover interest in the hotel group, though no specific details about any offer were included in the statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.