Dalata Hotel Group PLC Announces Increased Stake by Helikon Investments Limited

Dalata Hotel Group PLC reported a significant shift in shareholding, as Helikon Investments Limited, based in London, has increased its stake in the company. As per the notification dated April 16, 2024, Helikon now holds over 5% of the group’s voting rights through financial instruments, specifically cash-settled equity swaps.

The detailed notification revealed that Helikon crossed the 5% threshold on April 11, 2024, and the company was informed the following day. The equity swaps involved are set to expire between December 2024 and October 2026. This increase in holdings brings Helikon’s total to 5.4473%, up from their previous position of 4.0618%.

This new stake puts Helikon in a stronger position within Dalata Hotel Group, influencing decision-making processes on various company matters. The document outlines no changes in direct voting rights but an increase exclusively through financial instruments.