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DUBLIN - Helikon Investments Limited disclosed a 17.5% position in Dalata Hotel Group plc, according to a regulatory filing made Tuesday.
The investment firm reported holding cash-settled derivatives representing approximately 37,060,105 shares, equivalent to 17.5238% of Dalata’s relevant securities. The disclosure was made in compliance with the Irish Takeover Panel Act requirements.
The filing details transactions conducted on June 16, showing Helikon both increased and subsequently reduced a long position in Dalata shares by 1,469,652 shares at a price of €6.27 per unit through cash-settled derivative transactions.
Helikon made the disclosure through its Helikon Long Short Equity Fund Master ICAV vehicle. The filing indicates no indemnity arrangements or agreements relating to options or derivatives with any other parties.
The disclosure comes as part of regulatory requirements for entities holding interests in relevant securities representing 1% or more under Rule 8.3 of the Irish Takeover Panel Act.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom (TADAWUL:4280). The company has not issued any statement regarding Helikon’s position.
The information was provided through a Form 8.3 filing, which is required when a person with significant holdings makes an opening position disclosure or dealing disclosure during a takeover period.
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