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LONDON - BlackRock (NYSE:BLK), Inc., the world’s largest asset manager, has disclosed a significant stake in Dalata Hotel Group plc, according to a filing with the Irish Takeover Panel. The disclosure, made on March 13, 2025, reveals BlackRock’s interests and short positions in the hotel company’s securities, following market dealings on March 12.
The investment firm holds 5,164,914 ordinary shares, representing a 2.44% ownership in Dalata Hotel Group. Additionally, BlackRock has cash-settled derivatives amounting to 25,380 shares, or 0.01%, and short positions through such derivatives totaling 1,326,816 shares, which corresponds to 0.62% of the company.
The filing also reported a sale of 550 ordinary shares at a price of EUR 5.5200 each and a reduction of a long position in cash-settled derivatives (CFDs) by 4,149 shares at the same price. Furthermore, BlackRock disclosed a transfer in of 1,070 shares, although the details of this transaction were not specified regarding the price.
These disclosures are required under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates that any person holding an interest in relevant securities representing 1% or more must report their positions during takeover bids or other corporate events.
The reported transactions do not indicate any immediate changes in the management or strategic direction of Dalata Hotel Group. However, as a major institutional investor, BlackRock’s holdings and movements in the market are closely watched by investors for potential signals of confidence or concern regarding the companies in which it invests.
This information is based on a press release statement and is intended to provide shareholders and the market with transparency regarding significant holdings in publicly traded companies.
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