Dalata Hotel GP — M&A Activity 2014

Nov 10, 2014

National Storage Mechanism | Additional information

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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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