Business
Pandox AB (publ) notes effectiveness of Scheme and completion of Acquisition of Dalata Hotel Group plc
Pandox AB (publ) notes effectiveness of Scheme and completion of Acquisition of Dalata Hotel Group plc
About this update from Pandox Ab Class B
The boards of Pandox Ireland Tuck Limited (“Bidco”) and Dalata Hotel Group plc (“Dalata”) have announced that the scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2014 (the “Scheme”) in connection with the final recommended cash offer by Bidco, a newly incorporated company wholly owned by Pandox and Eiendomsspar AS, for the entire issued and to be issued share capital of Dalata (other than Treasury Shares and Dalata Shares in the beneficial ownership of Bidco) (the “Acquisition”), became effective today 7 November 2025 (the “Effective Date”).In accordance with the requirements of the Irish Takeover Rules, all consideration paid by Bidco to Scheme Shareholders under the terms of the Scheme will be distributed by no later than 21 November 2025.Cancellation of the admission of Dalata Shares to trading on the regulated market of Euronext Dublin and on the Main Market of the London Stock Exchange and the listing of Dalata Shares on the Official List of Euronext Dublin and the FCA’s Official list is expected to occur by 7.00 a.m. on 10 November 2025 (being the first business day following the Effective Date).Capitalised terms used, but not defined, in this announcement have the same meaning as in the Scheme Document dated 12 August 2025. All times stated in this announcement are to time in Dublin.EnquiriesGoodbody (Financial Adviser to the Consortium)Finbarr GriffinAndrew HackneyCameron DuncanJason MolinsWilliam HallPandoxLiia NõuSodali & Co (PR advisor)Seán LawlessEavan Gannon+353 (0)1 667 0400+46 8 506 205 50+353 (0) 85 116 7640+353 (0) 87 236 5973Responsibility statements required by the Irish Takeover RulesThe directors of Pandox AB accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.AdvisersGoodbody Stockbrokers UC (“Goodbody”) is authorised and regulated by the Central Bank of Ireland and in the United Kingdom, Goodbody is authorised and regulated by the FCA. Goodbody is acting exclusively for the Consortium as financial adviser and no one else in connection with the Acquisition and other matters set out in this announ...