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LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, has disclosed alterations to its holdings in the Dalata Hotel Group plc, a leading hotel operator in Ireland. On Wednesday, BlackRock reported a change in its interest in the company’s securities.
According to the disclosure, BlackRock now owns 5,218,847 ordinary shares of Dalata Hotel Group, representing a 2.46% stake in the company. Additionally, BlackRock has reduced its short positions in the company, now holding short positions in 1,343,539 shares, which equates to 0.63% of the company’s issued share capital.
The adjustment in holdings occurred on March 26, 2025, as per the details provided in the disclosure form submitted to the Irish Takeover Panel. The form, known as Form 8.3, is required under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, for any person with an interest in relevant securities representing 1% or more.
BlackRock has not engaged in any other dealings in the securities of the Dalata Hotel Group apart from the reduction in its short position. The transaction involved cash-settled derivatives, specifically contracts for difference (CFDs), where BlackRock reduced its short by 933 shares at a price of EUR 5.4800 per share.
The disclosure does not indicate any indemnity or dealing arrangements, agreements, or understandings related to the voting rights of any relevant securities under any options or derivatives. No supplemental forms were attached to the disclosure.
This move by BlackRock could be of interest to investors and market watchers, as changes in significant shareholdings can sometimes reflect a shift in a major investor’s view of a company’s prospects.
The information provided in this article is based on a press release statement.
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