BlackRock discloses stake in Dalata Hotel Group

LONDON - Investment management firm BlackRock (NYSE:BLK), Inc. has reported a significant shareholding in Dalata Hotel Group plc, a leading hotel operator in Ireland. As of Monday, BlackRock’s total holdings in the company amount to 5,207,342 shares, representing 2.46% of the company’s issued share capital, according to a disclosure made to the Irish Takeover Panel.

The disclosure, dated April 03, 2025, also reveals that BlackRock holds cash-settled derivatives corresponding to 1,334,745 shares or 0.63% of Dalata Hotel Group. The combined interest and short positions give BlackRock an aggregate economic exposure of 3.09% in the hotel group.

In addition to its shareholding, BlackRock sold 19,012 ordinary shares of Dalata Hotel Group at a price of EUR 5.2100 per share, as part of its trading activities. Furthermore, the investment giant was involved in a transfer in of 115 shares, although the details of this transaction were not disclosed in terms of price.

BlackRock’s disclosure is a routine regulatory requirement 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 disclose their position in the context of a takeover or merger.

The information is based on a press release statement and provides transparency regarding the dealings and interests of major stakeholders in publicly traded companies. It is important for investors and the market to have access to such information to understand the dynamics of share ownership and control within listed entities.

BlackRock has not entered into any indemnity or option arrangements, nor any agreements, arrangements, or understandings related to the voting rights of Dalata Hotel Group’s securities that would be an inducement to deal or refrain from dealing. This suggests that BlackRock’s transactions are part of its ordinary investment activities.

The disclosure does not hint at any immediate impact on Dalata Hotel Group’s operations or ownership structure, but it does provide a snapshot of BlackRock’s investment strategy and its position in the market. The investment management firm has not commented further on its intentions or strategy regarding its stake in Dalata Hotel Group.

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