REG - Dalata Hotel Group - Media Speculation <Origin Href="QuoteRef">DHG.I</Origin>

Dalata HotelAnnouncement

10/11/2014 09:58

RNS Number : 5302W
Dalata Hotel Group PLC
10 November 2014
Media speculation
Dalata Hotel plc (Dalata or "the Company")
Dalata notes the recent media speculation regarding Dalata and the Moran Bewley Hotel Group. Dalata confirms that it is in exclusive discussions in relation to the potential acquisition of the Moran Bewley Hotel Group (the "Potential Acquisition"). There can be no certainty at this time that a transaction will proceed and we will update shareholders in due course.
The Potential Acquisition would constitute a reverse takeover pursuant to AIM Rule 14 and ESM Rule 14 and would be conditional on the consent of shareholders. Dalata's shares will now be suspended from trading pending the conclusion of discussions in relation to the Potential Acquisition or the publication of an admission document for the Enlarged Group.
Enquiries:
Dalata Hotel Group plc
Dermot Crowley, Deputy CEO Business Development and Finance
Tel: +353 (0)1 206 9400
Davy
Anthony Farrell
Tel: +353 (0)1 679 6363
PR
Padraig McKeon
Tel: +353 (0)87 231 2632
www.dalatahotelgroup.com

This information is provided by RNS
The company news service from the London Stock Exchange
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