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The latest announcement is out from Dalata Hotel ( (GB:DAL) ).
Dalata Hotel Group has concluded its €25 million share buy-back program, repurchasing over 5.5 million shares at an average price of €4.47 each. This move leaves the company with a total of 211,483,988 ordinary shares, potentially impacting shareholder calculations regarding interest notifications. Such financial maneuvers are likely to strengthen Dalata’s market position and shareholder value, reflecting the company’s strategic focus on growth and financial robustness.
More about Dalata Hotel
Dalata Hotel Group plc is a prominent hotel operator with €1.7 billion in hotel assets, primarily in Ireland and the UK. Founded in 2007, Dalata has established itself as Ireland’s largest hotel operator, focusing on expanding its portfolio in large cities across the UK and Continental Europe. The Group operates 55 mostly four-star hotels under its main brands, Clayton and Maldron Hotels, with nearly 12,000 rooms.
YTD Price Performance: 2.60%
Average Trading Volume: 68,181
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £837.4M
See more insights into DAL stock on TipRanks’ Stock Analysis page.
