Dalata Hotel Group Faces Stake Reduction by TimesSquare Capital Management

Dalata Hotel Group PLC, a prominent player in the hospitality sector, has reported a notable change in its shareholder structure. TimesSquare Capital Management, LLC, an investment adviser based in New York, announced a reduction in its shareholding within Dalata, dropping below the 3% threshold. This was confirmed on the 28th of October 2024, with Dalata receiving official notification the following day.

The adjustment reflects TimesSquare's ongoing practice of acquiring and disposing of equity securities on behalf of its advisory clients, in line with its responsibilities as a registered investment adviser under the US Securities and Exchange Commission. The move indicates a strategic decision by TimesSquare to alter its investment portfolio, although specific details of the transactions remain unspecified.