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LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, has disclosed its stake in Dalata Hotel Group plc, as per the recent regulatory filing with the Irish Takeover Panel. The disclosure, dated March 24, 2025, reveals that BlackRock now holds a total interest of 2.46% in the Irish hotel operator, which translates to 5,214,227 ordinary shares.
In addition to the shares owned, BlackRock has also reported a short position through cash-settled derivatives amounting to 0.63%, or 1,344,472 shares. The increase in the short position was marked by a transaction involving 16,418 shares at a price of EUR 5.4869 per share.
The disclosure comes in accordance with the Irish Takeover Panel Act, 1997, and Takeover Rules, 2022, which mandate that any person with an interest in relevant securities representing 1% or more must report their position. BlackRock’s reporting satisfies the requirement for an opening position disclosure, providing transparency in the dealings of significant shareholders.
Dalata Hotel Group, known for operating hotel venues across Ireland and the United Kingdom (TADAWUL:4280), has not been the subject of any other party’s offer, as indicated in the disclosure, which states "N/A" for any additional disclosures relating to other parties to the offer. Furthermore, there are no indemnity or dealing arrangements reported in connection with BlackRock’s disclosure.
The information contained in this article is based on a press release statement and presents the factual position of BlackRock’s holdings and dealings in Dalata Hotel Group as of the date specified. The details provided are essential for investors and stakeholders in understanding the investment landscape and the interests of significant shareholders within the company.
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