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BlackRock discloses stake in Dalata Hotel Group

Published 17/03/2025, 16:30
BlackRock discloses stake in Dalata Hotel Group
BLK
-0.72%

LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, has disclosed a significant stake in Dalata Hotel Group plc, a leading hotel operator in Ireland. According to a regulatory filing with the Irish Takeover Panel dated March 17, 2025, BlackRock now holds a total interest of 5,175,834 shares, representing 2.44% of Dalata Hotel Group’s issued share capital.

The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, indicates that BlackRock does not have any direct short positions in the company. However, it has cash-settled derivatives amounting to 1,328,054 shares, which corresponds to a 0.62% short position.

The investment firm’s dealings included a notable transaction where it increased its short position through a contract for difference (CFD) by 1,238 shares at a price of EUR 5.7000 per share. Furthermore, the filing reported a transfer in of 10,920 Dalata Hotel Group shares, although the price per unit was not applicable in this instance.

BlackRock’s disclosure comes at a time when the hotel industry is navigating a post-pandemic recovery, with Dalata Hotel Group being a prominent player in the Irish and UK markets. The company has been expanding its portfolio, which includes a mix of owned, leased, and managed hotels.

The filing did not indicate any indemnity or dealing arrangements that could be an inducement to deal or refrain from dealing in the relevant securities. It also stated that no supplemental form 8 was attached to the disclosure.

Investors and market watchers often pay close attention to such disclosures, as they can provide insights into the strategies of major institutional investors like BlackRock. The disclosed information is based on a press release statement and offers a snapshot of BlackRock’s current holdings and market activities related to Dalata Hotel Group plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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