Dalata Hotel Group PLC: Establishment of an Employee Benefit Trust
Dublin and London | 22 March 2024: Dalata Hotel Group plc (‘Dalata’ or the ‘Company’), the largest hotel operator in Ireland, with a growing presence in the United Kingdom and Continental Europe, announces that it has established an Employee Benefit Trust (the "EBT").
- Dublin and London | 22 March 2024: Dalata Hotel Group plc (‘Dalata’ or the ‘Company’), the largest hotel operator in Ireland, with a growing presence in the United Kingdom and Continental Europe, announces that it has established an Employee Benefit Trust (the "EBT").
- The EBT will be for the benefit of current and future employees.
- Existing Long Term Incentive plan arrangements may be satisfied by the newly established EBT.
- To this end, the EBT has completed on the 21st March 2023, the acquisition of 1,093,600 million Ordinary Shares to fulfil the exercise of vested options under the 2021 LTIP Award under the Company’s share option scheme.