DUBLIN - J&E Davy Unlimited Company, an exempt principal trader connected to Dalata Hotel Group PLC, disclosed trading activities involving Dalata’s shares in compliance with the Irish Takeover Panel’s regulations. The transactions took place on Monday, with both purchases and sales of the hotel group’s ordinary shares recorded.
The company bought a total of 51,210 Dalata Hotel Group ordinary shares at prices ranging from 5.16 to 5.27 EUR per unit. Concurrently, J&E Davy sold 51,848 shares, with individual prices falling between 5.18 and 5.26 EUR. Additionally, the firm engaged in smaller GBP-denominated transactions, buying and selling 700 shares at 447.04 GBX and 444.39 GBX respectively.
These dealings are subject to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates disclosure of trading activities by connected parties during takeover situations. The rules aim to ensure transparency and fair play in the market, especially during sensitive periods such as takeovers.
The disclosed trades did not involve any cash-settled or stock-settled derivative transactions, and there were no agreements, arrangements, or understandings related to options or derivatives that would affect voting rights or future acquisition or disposal of relevant securities.
This trading activity comes amidst a takeover environment, although no further details about the potential offer or the parties involved were provided in the disclosure. Investors and market watchers typically scrutinize such trades for insights into potential shifts in ownership or control of listed companies.
The information was made public on Tuesday, based on a statement from a press release, and does not include any marketing promotion or subjective claims about the company’s market position or future prospects. It is a straightforward disclosure in line with regulatory requirements, offering a glimpse into the trading actions of significant market participants during takeover scenarios.
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