Stock market today: S&P 500 hits fresh record close on stronger economic growth
DUBLIN - FIL Limited, an investment management company, has disclosed a 6.75% interest in Dalata Hotel Group PLC, representing a total of 14,285,789 ordinary shares. This position was reported as per the regulatory requirements of the Irish Takeover Panel on Monday, May 12, 2025.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, indicates that FIL Limited and its subsidiaries reached this level of ownership as of May 9, 2025. The announcement also included a transaction of 54,051 ordinary shares at a price of 5.21 EUR per share, suggesting active management of the stake by FIL Limited.
No further details were provided regarding cash-settled or stock-settled derivative positions, and there were no declarations of indemnity or dealing arrangements that could influence dealings in the relevant securities. Additionally, there were no agreements, arrangements, or understandings related to options or derivatives that would affect the voting rights of the disclosed securities.
The report does not indicate any participation by FIL Limited in other parties related to potential offers for Dalata Hotel Group PLC, and the firm has not attached any supplemental forms that might suggest additional derivative positions or options.
This disclosure is a routine regulatory filing required of all entities that hold interests or short positions in securities representing 1% or more of a company involved in takeover-related activities. It does not necessarily indicate any immediate strategic intentions by FIL Limited but does reflect a significant investment interest in the hotel group.
The information for this article is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.