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DUBLIN - Investment manager UBS O’Connor has increased its stake in Dalata Hotel Group PLC to 1.9851%, according to a regulatory filing disclosed Monday.
The firm purchased 6,214 shares at €6.35 per share on September 5, bringing its total holding to 4,198,214 shares. The acquisition was made through derivatives in the form of contracts for difference (CFDs).
The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which requires public disclosure of dealings by persons with interests representing 1% or more of a company’s securities during an offer period.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the UK. The company trades on the Euronext Dublin and London Stock Exchange.
The disclosure indicates UBS O’Connor holds its entire position through derivatives rather than direct ownership of shares. The filing shows no short positions in the company.
UBS O’Connor comprises several entities operating under the UBS Asset Management umbrella, including divisions in the UK, Hong Kong, Singapore, and the Americas.
The information was provided in a Form 8.3 filing to the Irish Takeover Panel, based on a press release statement issued through the Regulatory News Service of the London Stock Exchange.
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