UBS Increases Financial Instruments Holding in Dalata Hotel Group

Dalata Hotel Group PLC has revealed a significant development regarding holdings of financial instruments in the company. UBS Group AG, operating through its Investment Bank and Wealth Management sectors based in Zurich, Switzerland, has expanded its financial instruments in the hotel group. The change was officially notified on October 1, 2024, following a threshold crossing on September 27, 2024.

UBS AG has increased its financial instruments hold to 3.28%, up from a previous position of 2.14%, resulting in a combined total of voting rights and financial instruments reaching 3.30%. This shift marks a notable increase from the prior total of 3.25%. The transaction did not involve a change in direct voting rights from shares.

The updated holdings require a notification to both Dalata Hotel Group PLC and the Central Bank of Ireland. UBS's developing position includes the use of complex financial instruments like swaps and collateral substitution rights. The decision not to disclose voting rights control specifics suggests a strategic positioning within the group's structure.