Dalata Hotel Group PLC Announces €30 Million Share Buy-back

Dalata Hotel Group PLC (Dalata), listed on Euronext Dublin and the London Stock Exchange, disclosed a share buy-back programme valued at up to €30 million. This announcement coincided with the release of its Half Year Results for the period ending 30 June 2024. The Company engaged J&E Davy and Joh. Berenberg, Gossler & Co. KG, London Branch to manage the buy-back.

The buy-back aims to reduce Dalata's share capital. The shares will be acquired on Euronext Dublin and subsequently cancelled. The process is set to start soon, contingent on market conditions. The programme will adhere to established regulations, including the EU Market Abuse Regulation and the Financial Conduct Authority's Listing Rules.

Dalata operates hotels primarily in Ireland and the UK. As of the six-month period ending 30 June 2024, the Group reported revenue of €302 million. The programme's execution falls entirely under the discretion of Davy and Berenberg during closed periods.