Dalata Hotel directors help fund new hotels

6th Oct 2015 15:42

(ShareCast News) - Dalata Hotel Group's directors have increased their stake in the company as the company raised funds for further expansion.Seven directors and the company secretary all stumped up cash in the open offer which was announced in September and approved at Monday's AGM.At the time the company said the issue was expected to raise €160m and the proceeds would predominantly be used to finance more hotel acquisitions, development capital expenditure on existing assets, and new builds.Chief executive Pat McCann back his team by purchasing the largest amount of the team - 140,000 shares totalling £387,856.Anglo American's directors also picked up a stake in the company, but not to back any company expansion.Five directors all took home a share package in lieu of directors fees.Top Director BuysDalata Hotel Group (DAL)Director name: Mr Pat McCannAmount purchased: 140,000 @ 277.04pValue: £387,856 Dalata Hotel Group (DAL)Director name: Mr Dermot CrowleyAmount purchased: 64,000 @ 277.04pValue: £177,306 Dalata Hotel Group (DAL)Director name: Mr John HennessyAmount purchased: 43,000 @ 277.04pValue: £119,127 Dalata Hotel Group (DAL)Director name: Mr Stephen McNallyAmount purchased: 42,666 @ 277.04pValue: £118,202 Dalata Hotel Group (DAL)Director name: Ms Margaret SweeneyAmount purchased: 22,242 @ 277.04pValue: £61,619 Dalata Hotel Group (DAL)Director name: Mr Robert DixAmount purchased: 19,676 @ 277.04pValue: £54,510 Dalata Hotel Group (DAL)Director name: Mr Alf SmiddyAmount purchased: 17,774 @ 277.04pValue: £49,241 Belvoir Lettings (BLV)Director name: Mr Mike GoddardAmount purchased: 40,000 @ 121.25pValue: £48,500 Anglo American (AAL)Director name: Mr Phuthuma F. NhlekoAmount purchased: 2,065 @ 578.80pValue: £11,952 Anglo American (AAL)Director name: Mr Jim RutherfordAmount purchased: 2,020 @ 578.80pValue: £11,692 There were no director sells at the time of publication