BlackRock discloses stake in Dalata Hotel Group

DUBLIN - BlackRock (NYSE:BLK), Inc., the world’s largest asset manager, has disclosed a significant stake in Dalata Hotel Group plc, a leading hotel operator in Ireland. According to the disclosure made to the Irish Takeover Panel on April 30, 2025, and publicly released on May 1, 2025, BlackRock now holds a total interest of 5,213,978 shares, representing 2.46% of Dalata Hotel Group’s issued share capital.

In addition to the shares owned, BlackRock has reported cash-settled derivatives amounting to 1,194,842 shares, which corresponds to a 0.56% economic interest in the hotel group. These derivatives are financial instruments whose value is based on the price movements of the underlying asset, in this case, Dalata Hotel Group’s shares.

This disclosure is a 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 make an opening position disclosure.

The rules also require the disclosure of any dealings in the securities of the offeror or offeree by the person making the disclosure. In this instance, BlackRock reported a transfer in of 5,610 ordinary shares in Dalata Hotel Group. However, no price was provided for this transaction, as it is not applicable to the nature of the transfer.

The information provided by BlackRock does not suggest any immediate intention to influence the control of Dalata Hotel Group. The asset manager has not disclosed any indemnity or dealing arrangements that would indicate a strategy to acquire or dispose of further shares, nor are there any agreements, arrangements, or understandings related to the voting rights of the relevant securities.

Investors and market observers often monitor such disclosures for insights into the strategies of institutional investors like BlackRock. The disclosure of a significant stake by a major investment firm can sometimes signal confidence in the company’s prospects or strategic value.

The information in this article is based on a press release statement and is intended to inform readers of the disclosed financial interests of BlackRock in Dalata Hotel Group plc. It does not imply any endorsement or prediction regarding the performance of the company’s securities.

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