LONDON - Barclays PLC (LON:BARC) disclosed on Tuesday its latest transactions involving shares of Dalata Hotel Group PLC, indicating changes in both its long and short positions in the company.
According to a regulatory filing with the Irish Takeover Panel, Barclays now holds a total interest of 1.20% in the hotel operator, amounting to 2,532,016 shares. Concurrently, the financial institution has a short position representing 1.22% of Dalata’s shares, which totals 2,576,720 shares.
The dealings, which took place on Monday, included a mix of purchases and sales of Dalata’s ordinary 0.01 euro shares. Barclays purchased a total of 51,363 shares at prices ranging from 5.4600 to 5.5300 euros. On the selling side, Barclays parted with 50,381 shares, with individual sale prices falling between 5.4600 and 5.5300 euros.
In addition to direct share transactions, Barclays engaged in derivative activities with cash-settled swaps. These swaps resulted in a decrease in short positions by 3,554 shares and an increase in short positions by 5,754 shares, with transaction prices per unit stretching from 5.4781 to 5.5197 euros.
The disclosure comes as part of the mandatory reporting required under Rule 8.3 of the Irish Takeover Panel Act, 1997, which applies to persons with interests in relevant securities representing 1% or more. This rule is a component of the Takeover Rules, which govern the conduct of takeovers in Ireland.
Barclays confirmed that the transactions were solely related to Dalata Hotel Group PLC and that no other parties involved in the offer were affected. The bank also clarified that there are no indemnity or option arrangements in place related to these dealings.
The information in this article is based on a press release statement and aims to provide investors with a clear understanding of Barclays’ recent trading activities concerning Dalata Hotel Group PLC.
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