Dalata Hotel Group Executes Share Buyback

Dalata Hotel Group PLC, Ireland's largest hotel operator, has completed a significant share buyback. On October 7, 2024, the company repurchased 324,513 ordinary shares, each valued at EUR 0.01, via Euronext Dublin through Berenberg, its London branch. This activity aligns with the share buyback programme announced earlier this year in September.

The shares were purchased at prices ranging from EUR 3.99 to EUR 4.04, with a volume weighted average price of EUR 4.0035. Dalata intends to cancel these shares, which will leave it with 218,445,145 ordinary shares in circulation, all possessing one voting right.

This transaction is part of a strategy possibly aimed at enhancing shareholder value. The current number of voting rights helps in transparency for shareholders monitoring their investments in accordance with the relevant EU regulations.