Media Speculation

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: [phone]

Davy

Anthony Farrell

Tel: [phone]

PR

Padraig McKeon 

Tel: [phone]

www.dalatahotelgroup.com

 

END

 

 

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