BlackRock adjusts stake in Dalata Hotel Group

LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, has disclosed changes in its holdings in the Dublin-based Dalata Hotel Group plc, a leading hotel operator in Ireland. This announcement, made public on March 10, 2025, follows the regulations of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires parties with interests in relevant securities representing 1% or more to declare their position.

As of March 7, 2025, BlackRock’s total holdings in Dalata Hotel Group plc amounted to a combined interest of 2.46% in ordinary shares, with 5,164,394 shares directly owned, equating to 2.44% of the company’s issued share capital. Additionally, BlackRock holds cash-settled derivatives representing a further 0.02% of Dalata’s ordinary shares, alongside short positions comprising 0.62% of the issued share capital through 1,326,816 shares.

The investment firm engaged in various derivative transactions, including reducing long positions and increasing short positions in Dalata’s €0.01 ordinary shares. For example, on an unspecified date, BlackRock reduced its long position by 22,505 shares at a price of EUR 5.4393 per share and increased its short position by 23,910 shares at EUR 5.4398 per share, among other transactions.

BlackRock’s disclosure comes as part of routine financial reporting and does not necessarily indicate a strategic shift in its investment stance. The information is based on a press release statement and is intended to maintain transparency in financial markets.

Contact details for further inquiries were provided in the disclosure, with Jana Blumenstein listed as the contact name and a telephone number for communication. It is important to note that public disclosures under Rule 8.3 of the Rules must be made to a Regulatory Information Service, ensuring that such information is widely accessible.

Investors and market watchers often monitor such disclosures to gauge the sentiment and strategic moves of major investors like BlackRock in relation to companies like Dalata Hotel Group. The disclosed changes in holdings can sometimes reflect broader market trends or specific developments within the targeted company. However, the press release does not suggest any such implications, focusing solely on the factual reporting of BlackRock’s holdings.

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