Publication of a Prospectus

RNS Number : 4128C

Dalata Hotel Group PLC

27 June 2016

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, SWITZERLAND OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

This announcement is not an offer of securities for sale in any jurisdiction. This announcement is not a prospectus (or prospectus equivalent document) or an advertisement. Investors should not subscribe for or purchase any shares in the Company based on this announcement or the prospectus.  Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material set forth herein is for information purposes only and should not be construed as an offer of securities for sale in any jurisdiction. 

Dalata Hotel Group plc

(Dalata or the Company)

Publication of Prospectus, Cancellation of Trading on AIM and ESM

and Admission to Trading on the Main Markets

27 June, 2016

Dalata Hotel Group plc, Ireland's largest hotel operator, is pleased to announce the publication of a prospectus (the "Prospectus") in connection with the admission of its entire issued ordinary shares in the capital of Dalata ("Ordinary Shares") to the primary listing segment of the Official List of the Irish Stock Exchange and  the Official List of the FCA (by way of a Standard Listing under Chapter 14 of the Listing Rules of the UKLA) (the "Official Lists") and to trading on the Irish Stock Exchange's and the London Stock Exchange's respective main markets for listed securities ("Main Markets") (together "Admission").

It is expected that Admission will become effective, and that unconditional dealings in the Ordinary Shares on the Main Markets will commence at 8.00 a.m. on 30 June 2016. Shortly before Admission, the trading of the Ordinary Shares on the AIM and ESM markets will be cancelled. No application has been made or is currently intended to be made for the Ordinary Shares to be admitted to listing or dealt with on any other exchange.

The Company is not raising any funds or issuing any new Ordinary Shares in connection with Admission. No shares have been offered or marketed to the public in Ireland, the UK or elsewhere in connection with Admission or the publication of the Prospectus. The Company's ticker on the Irish Stock Exchange and the London Stock Exchange will remain as 'DHG' and 'DAL' respectively, with an ISIN of IE00BJMZDW83 and, on Admission, it is expected that there will be 182,966,666 Ordinary Shares in issue.

The Prospectus has been approved by the Central Bank of Ireland, is available for inspection on the Company's website at (www.dalatahotelgroup.com/investors/prospectus-june2016) and will shortly be available on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

Copies of the Prospectus will also be available, on request, in printed form at the Company's registered office, 4th Floor, Burton Court, Burton Hall Drive, Sandyford, Dublin 18, Ireland.

Capitalised terms used in this announcement and not otherwise defined shall have the meaning given to them in the Prospectus.

ENDS

Contacts:

Dalata Hotel Group plc                                                                                  Tel [phone] 

Pat McCann, CEO

Dermot Crowley, Deputy CEO, Business Development & Finance

Sean McKeon, CFO

Davy (ESM Adviser, Nomad and Sponsor)                                                    Tel [phone] 

Anthony Farrell

PR - FTI Consulting                                                                                     Tel [phone]

J&E Davy ("Davy") is acting as sponsor under the ISE Listing Rules, financial adviser and broker to the Company in connection with Admission. Davy, which is regulated in Ireland by the Central Bank of Ireland, is acting for the Company and for no one else in connection with Admission and will not be responsible to any person other than the Company for providing the protections afforded to clients of Davy, nor for providing advice in relation to Admission, the content of this announcement or any matter referred to in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on Davy by the Central Bank of Ireland, or the regulatory regime in Ireland, neither Davy nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Davy in connection with this announcement, any statement contained herein or otherwise, nor makes any representation or warranty, express or implied, in relation to, the contents of this announcement, including its accuracy, completeness or verification or for any other statement purported to be made by Davy, or on behalf of Davy in connection with the Company or Admission. Davy accordingly disclaims to the fullest extent permitted by law all and any responsibility or liability to any person who is not a client of Davy, whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement or any such statement.

 

END

 

 

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