Helikon Investments Increases Stake in Dalata Hotel Group

Dalata Hotel Group PLC has received notification from Helikon Investments Limited regarding a significant increase in their financial holdings. Based in London, Helikon now holds over 10% of Dalata's voting rights through financial instruments. The threshold was crossed on October 1, 2024, with the issuer notified on October 4, 2024.

The Helikon Long Short Equity Fund Master ICAV plays a major role in this development, marking a substantial shift from a previous position of 9.0717%. This increase is significant in the context of Dalata’s total 219,693,795 voting rights. A series of cash-settled equity swaps maturing between December 2024 and January 2027 facilitated the rise.

This move highlights Helikon's strategic investment approach, affecting Dalata's shareholder landscape. The transactions signify confidence and possibly a new direction for Dalata's financial and market stance.