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Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: Establishment of an Employee Benefit Trust
22-March-2024 / 11:21 GMT/BST
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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 1 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: 2 www.dalatahotelgroup.com
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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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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References
Visible links
1. mailto:smckeon@dalatahotelgroup.com
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=77bedc042ac1a02fa001cdbb278052c6&application_id=1865563&site_id=reuters9&application_name=news
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