Dalata Hotel Group Responds to Pandox Consortium Share Acquisition

Dalata Hotel Group plc has acknowledged Pandox Ireland DAC's acquisition of 1,698,112 shares at €6.30 per share, accounting for 0.8% of Dalata's issued share capital. This follows Pandox Consortium's earlier non-binding proposal to acquire Dalata's entire share capital at €6.05 per share, which was unanimously rejected by Dalata's Board for undervaluation.

The Pandox Consortium has since not presented any new offer. Dalata's Board advises shareholders to refrain from any action based on Pandox's latest announcement. The Irish Takeover Panel has set a deadline of 15 July 2025 for Pandox to announce a firm offer or declare its intent not to proceed with an offer.

Dalata continues discussions with other parties engaged in its Formal Sales Process. Further updates will be provided as needed.