Dalata Hotel Group PLC Announces Establishment of Employee Benefit Trust

Dalata Hotel Group plc, the largest hotel operator in Ireland with a growing presence in the United Kingdom and Continental Europe, announced on 22 March 2024 the establishment of an Employee Benefit Trust (EBT). This initiative is aimed at benefiting current and future employees, with the EBT acting independently and being managed by Computershare Trustees (Jersey) Limited. The trust is designed to satisfy existing Long Term Incentive plan arrangements and future option exercises under the company's share option scheme.

The EBT has already actioned its first operation by acquiring 1,093,600 million Ordinary Shares on the 21st of March 2023. These shares are intended to fulfill the exercise of vested options stemming from the 2021 LTIP Award under Dalata's share option scheme. This move underscores the company's commitment to rewarding its employees and aligning their interests with the success of the organization.