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DUBLIN - Investment firm UBS O’Connor has increased its stake in Dalata Hotel Group PLC to 1.98% through the purchase of derivatives, according to a regulatory filing published Wednesday.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, revealed that UBS O’Connor bought 168,868 contracts for difference (CFDs) at €6.38 per unit on August 12. Following this transaction, UBS O’Connor now holds a total of 4,196,294 derivative positions in the Irish hotel operator.
The filing indicates that UBS O’Connor’s interest in Dalata is held entirely through derivatives rather than direct ownership of shares. The disclosure was made as part of regulatory requirements that mandate investors to report positions exceeding 1% in companies that are subject to takeover rules.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio that spans Ireland and the United Kingdom. The company trades on both the Euronext Dublin and London Stock Exchange.
The disclosure was made via a Form 8.3 filing to the Irish Takeover Panel, which requires transparency around dealings in relevant securities during takeover situations. The information was provided through a regulatory news service announcement.
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