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LONDON - Helikon Investments Limited disclosed on Friday that it now holds a 17.2591% interest in Dalata Hotel Group plc, a significant stake in the hotel operator. The position, which is comprised entirely of cash-settled derivatives, amounts to 36,500,173 shares.
The disclosure, made in accordance with the Irish Takeover Panel Act’s Rule 8.3, indicates Helikon Investments’ substantial economic interest in the company but does not involve any direct share ownership. The derivatives position was increased on Thursday, with the purchase of 103,598 shares at a price of €5.5509 per share.
This move comes as investors closely monitor the activities of large stakeholders in publicly traded companies, particularly within the hospitality industry, which has seen varying degrees of recovery following the challenges posed by the global pandemic.
The disclosure did not indicate any dealings in stock-settled derivatives or other dealings such as subscriptions, conversions, or exercises related to Dalata Hotel Group plc shares. Furthermore, Helikon Investments confirmed that there are no indemnity or option arrangements, nor any agreements or understandings related to the voting rights of the relevant securities under any options or derivatives.
The investment firm also stated that no supplemental Form 8 is attached to the disclosure. As per regulatory requirements, the disclosure was made to a Regulatory Information Service on the date of May 23, 2025, and the contact for the announcement is Mr. Paul McLernon, with a provided telephone number for further inquiries.
The information in this article is based on a press release statement and reflects Helikon Investments Limited’s reported position in Dalata Hotel Group plc as of the latest practicable date prior to the disclosure.
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