Dalata Hotel Group PLC: Establishment of an Employee Benefit Trust
22 März 2024 - 12:21PM
EQS Regulatory News
Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: Establishment of an Employee Benefit
Trust
22-March-2024 / 11:21 GMT/BST
Dalata Hotel Group PLC
ISE: DHG LSE: DAL
Establishment of an Employee Benefit
Trust
Dublin and London | 22 March
2024: Dalata Hotel Group plc (‘Dalata’ or the
‘Company’), the largest hotel operator in Ireland, with a growing
presence in the United Kingdom and Continental Europe, announces
that it has established an Employee Benefit Trust (the
"EBT"). The EBT will be for the
benefit of current and future employees. Existing Long Term
Incentive plan arrangements may be satisfied by the newly
established EBT.
The EBT will act independently of the Company, managed by
Computershare Trustees (Jersey) Limited, and may periodically make
market purchases of ordinary shares of the Company ("Ordinary
Shares") in order to, among other things, satisfy future option
exercises of vested options granted pursuant to the Company's share
option scheme.
To this end, the EBT has completed on the
21st March
2023, the acquisition of 1,093,600 million Ordinary Shares to
fulfil the exercise of vested options under the 2021 LTIP Award
under the Company’s share option scheme.
Contacts
Dalata Hotel Group plc
|
smckeon@dalatahotelgroup.com
|
Sean McKeon,
|
Tel +353 1 206 9400
|
Company Secretary and Head of Risk and Compliance
|
|
About Dalata
Dalata Hotel Group plc is a leading
hotel operator backed by €1.7bn in freehold and long leasehold
assets in Ireland and the UK. Established in 2007, Dalata has
become Ireland’s largest hotel operator with an ambitious growth
strategy to expand its portfolio further in excellent locations in
select, large cities in the UK and Continental Europe. The Group’s
portfolio comprises 53 primarily four-star hotels operating through
its two main brands, Clayton and Maldron Hotels, with 11,413 rooms
and a pipeline of over 1,500 rooms. For the year ended 31 December
2023, Dalata reported revenue of €607.7 million, basic earnings per
share of 40.4 cent and Free Cashflow per Share of 59.7 cent. Dalata
is listed on the Main Market of Euronext Dublin (DHG) and the
London Stock Exchange (DAL). For further information visit:
www.dalatahotelgroup.com
Dissemination of a Regulatory Announcement, transmitted by EQS
Group.
The issuer is solely responsible for the content of this
announcement.
|
| |
ISIN: |
IE00BJMZDW83, IE00BJMZDW83 |
Category Code: |
MSCL |
TIDM: |
DAL,DHG |
LEI Code: |
635400L2CWET7ONOBJ04 |
OAM Categories: |
3.1. Additional regulated information required to be disclosed
under the laws of a Member State |
Sequence No.: |
311519 |
EQS News ID: |
1865563 |
|
End of Announcement |
EQS News Service |
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