REG-Dalata Hotel Group PLC Dalata Hotel Group PLC: Establishment of an Employee Benefit Trust

Dalata HotelAnnouncement

22/03/2024 11:30

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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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