BlackRock Inc. Disclosure of Derivatives Dealings in ENN Energy Holdings Ltd Shares
BlackRock Inc. Discloses Significant Derivative Dealings in ENN Energy Holdings Ltd Ahead of Privatisation Scheme
Key Points from the Public Disclosure Form
- Date of Disclosure: 24 February 2026
- Event: Privatisation of ENN Energy Holdings Ltd by scheme of arrangement
- Party Involved: BlackRock, Inc. (a major institutional investor and Class (6) associate of ENN Energy Holdings Ltd)
- Nature of Dealings: Entering into multiple derivative contracts relating to the shares of ENN Energy Holdings Ltd
- Disclosure Requirement: Pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers
Detailed Dealings by BlackRock, Inc.
On 23 February 2026, BlackRock, Inc. entered into several derivative contracts tied to ENN Energy Holdings Ltd shares. The details are as follows:
| Number of Reference Securities |
Reference Price |
Total Amount Paid |
Resultant Balance |
| 49,000 |
\$68.9798 |
\$432,931.88 |
7,599,700 |
| 23,200 |
\$69.2250 |
\$205,486.00 |
7,622,900 |
| 18,000 |
\$69.0515 |
\$159,187.04 |
7,640,900 |
| 6,600 |
\$68.9606 |
\$58,229.35 |
7,647,500 |
| 1,100 |
\$68.9545 |
\$9,714.75 |
7,648,600 |
Implications for Shareholders and Potential Price Sensitivity
- Large Volume Transactions: BlackRock, Inc. has significantly increased its exposure to ENN Energy Holdings Ltd via derivatives, with transactions totaling 97,900 shares on a single day. The resultant balance after these deals is 7,648,600 shares.
- Privatisation Context: These dealings occur in the context of a pending privatisation scheme. Increased activity by a major institutional investor could signal either confidence in the deal or efforts to hedge positions, both of which may affect share price volatility.
- Price Levels: Reference prices for the derivatives range from \$68.9545 to \$69.2250 per share, indicating the level at which BlackRock is willing to transact. These prices may provide a de facto floor or resistance in the market.
- Class (6) Associate Status: As a Class (6) associate of ENN Energy Holdings Ltd, BlackRock’s activity must be closely monitored by shareholders, as it could influence or reflect broader market sentiment regarding the privatisation outcome.
- Discretionary Client Accounts: All transactions were made for the account of discretionary investment clients, suggesting institutional and potentially long-term investor interest.
What Investors Should Watch
- Monitor further disclosures from BlackRock and other major shareholders for additional activity.
- Review updates on the privatisation scheme, as institutional activity may indicate developments or sentiment shifts.
- Pay attention to share price movements around the disclosed reference prices.
Conclusion
This disclosure is potentially price-sensitive. The large volume of derivative contracts entered by BlackRock, Inc. immediately ahead of the privatisation scheme suggests heightened institutional interest, which could drive share price movement. Shareholders should remain alert to further disclosures and announcements regarding the privatisation process.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to seek professional guidance and conduct their own due diligence before making any investment decisions.
View ENN ENERGY Historical chart here
