Bullish indicating open at $55-$60, IPO prices at $37
DUBLIN - BlackRock (NYSE:BLK), Inc. has disclosed a 2.47% stake in Dalata Hotel Group plc, according to a regulatory filing published Tuesday.
The investment management firm reported holding interests in 5,232,404 shares, representing 2.47% of Dalata’s ordinary shares. This includes 5,119,585 shares owned or controlled directly and 112,819 shares through cash-settled derivatives.
BlackRock also disclosed a short position of 0.56%, equivalent to 1,194,842 shares, held through cash-settled derivatives.
The disclosure, made in accordance with the Irish Takeover Panel Act requirements, revealed that BlackRock sold 36,356 shares at a price of €6.27 per share on June 16.
Dalata Hotel Group is Ireland’s largest hotel operator, with properties across Ireland and the United Kingdom (TADAWUL:4280).
Companies are required to disclose positions representing 1% or more of a company’s shares under Irish takeover rules when a company is in an offer period or subject to takeover speculation.
The disclosure was made via a Form 8.3 filing, which is standard for reporting significant shareholdings during potential takeover situations.
This information is based on a regulatory news service statement issued by BlackRock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.