Intel stock spikes after report of possible US government stake
LONDON - Global investment management corporation BlackRock (NYSE:BLK), Inc. has reported a significant stake in Dalata Hotel Group plc, according to a disclosure made to the Irish Takeover Panel. The position, which includes both ownership and short interests, was held as of April 25, 2025.
BlackRock’s stake in the Irish hotel operator comprises 5,213,975 ordinary shares, representing 2.46% of the company’s issued share capital. In addition to the shares owned, BlackRock also reported short positions through cash-settled derivatives, totaling 1,236,304 shares or 0.58%.
The disclosure came in the form of Form 8.3, which is required under the rules of the Irish Takeover Panel when a party’s interest in relevant securities reaches 1% or more. The form provides transparency in the market by revealing significant holdings in companies subject to takeover rules.
The recent transaction included the sale of 2,716 ordinary shares at a price of EUR 5.2000 per share. Additionally, BlackRock reduced its short position by closing out 10,715 shares through a cash-settled derivative contract, also at EUR 5.2000 each. Another transaction reported was the transfer in of 1,610 ordinary shares, though the price per unit was not applicable in this case.
BlackRock’s disclosure did not indicate any indemnity or dealing arrangements that could be an inducement to deal or refrain from dealing in the relevant securities. There were also no agreements, arrangements, or understandings related to options or derivatives that would affect voting rights or future acquisition or disposal of relevant securities.
This information is based on a press release statement and provides a clear view of BlackRock’s dealings in Dalata Hotel Group’s securities. The London Stock Exchange (LON:LSEG)’s Regulatory Information Service was utilized to ensure that the public disclosures under Rule 8.3 of the Rules were disseminated appropriately.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.