Dalata Hotel Group has said it intends to move its listings from the ESM market of the Irish Stock Exchange to trading on the primary listing segment of the Official List of the ISE.

The hotel group also said it will move its listing from the London AIM market to the London Stock Exchange's main market for listed securities.

In a statement, it said it believes that Dalata has grown and matured over the last number of years and that the main markets are the most appropriate platform for its future development. 

"Furthermore it is hoped that a listing on the main markets will further boost Dalata's profile as well as potentially increasing the liquidity of trading in its securities enabling its ordinary shares to be acquired by a wider group of investors," the company added. 

It is expected that the changes will take place no earlier than June 30. 

Dalata said it would not raise any funds or issuing any new shares in connection with the changes.  

Pat McCann, the company's chief executive, said Dalata's listings on the AIM and ESM have served it well in accessing capital markets to develop its strategy to grow its portfolio of hotels at an opportune time in the Irish market. 

"Given the considerable growth of the business both financially and operationally we believe that a listing on the main markets is the most appropriate platform for our future development," Mr McCann added.