DALATA HOTEL GROUP PLC Dalata Hotel Group PLC: Establishment of an Employee Benefit Trust
Transparency directive : regulatory news
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Dalata Hotel Group PLC (DAL,DHG)
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
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
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| 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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