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LONDON - Helikon Investments Limited has disclosed a significant holding in Dalata Hotel Group plc, representing 16.9819% of the company’s issued share capital. The disclosure, made on April 24, 2025, follows recent transactions in which Helikon Investments increased its long position through cash-settled derivative contracts.
According to the disclosure, Helikon Investments, through its fund Helikon Long Short Equity Fund Master ICAV, holds 35,914,017 shares in the form of cash-settled derivatives. The transactions that led to this increase in Helikon’s long position involved the purchase of 54,114 shares at a price of EUR 5.2004 per unit and an additional 12,229 shares at EUR 5.2311 per unit on April 23, 2025.
Dalata Hotel Group plc, the subject of this substantial holding, operates hotels primarily in Ireland and the United Kingdom (TADAWUL:4280) and is listed on the Irish Stock Exchange.
The 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 interests in relevant securities representing 1% or more must disclose their position. This ensures transparency in the market, especially during periods when companies are subject to takeover speculation or actual offers.
Helikon Investments has confirmed that there are no indemnity or option arrangements, or any agreements or understandings, in place with any party to the offer or any person acting in concert with a party to the offer that would be an inducement to deal or refrain from dealing in the securities of Dalata Hotel Group plc.
The London Stock Exchange (LON:LSEG)’s Regulatory Information Service was used to disseminate this information, which is based on a press release statement. Helikon Investments’ contact person for the disclosure is Mr. Paul McLernon, with a contact telephone number of +44 0207 184 5256.
Investors and market watchers typically monitor such disclosures closely, as they can indicate significant changes in ownership and potentially influence a company’s strategic direction. However, the disclosure does not necessarily imply any immediate action or intent by Helikon Investments regarding its stake in Dalata Hotel Group plc.
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