BlackRock Sells Over 1.5 Million ENN Energy Holdings Shares Ahead of Privatisation Scheme

Date: 24 February 2026

Key Highlights

• BlackRock, Inc., a major global asset manager and a Class (6) associate of ENN Energy Holdings Ltd, executed a significant transaction by selling 1,512,805 shares of ENN Energy Holdings Ltd on 23 February 2026.
• The shares were sold at a price of \$69.00 per share, with the transaction executed on the US exchange.
• Following the disposal, BlackRock’s aggregate holdings in ENN Energy now stand at 61,436,614 shares, representing 5.4280% of the company’s total share capital.
• The dealings were made for the account of discretionary investment clients.
• This disclosure has been made in light of an ongoing privatisation by way of scheme of arrangement involving ENN Energy Holdings Ltd, as required under Rule 22 of the Hong Kong Code on Takeovers and Mergers.

Details and Implications for Shareholders

• Privatisation Process: ENN Energy Holdings Ltd is currently undergoing a privatisation process via a scheme of arrangement. Such corporate actions can have significant implications for share prices and shareholder value, as they often involve offers to buy out minority shareholders at a set price.
• BlackRock’s Transaction: The sale of over 1.5 million shares by a major institutional investor like BlackRock could be perceived as a signal of their view on the company’s valuation or the attractiveness of the privatisation terms. This may influence market sentiment, especially as BlackRock remains a substantial shareholder with over 5% of the company’s shares.
• Price Sensitivity: The sale price of \$69.00 per share provides a reference point for recent trading activity, which may be of interest to investors evaluating the potential offer price in the privatisation scheme or current market value.
• Market Impact: Large disposals by institutional holders can sometimes exert downward pressure on share prices, particularly during periods of corporate transition.
• Disclosure Requirements: Shareholders should note that such disclosures are required under the Hong Kong Code on Takeovers and Mergers, ensuring transparency during sensitive corporate actions like privatisations. Monitoring further disclosures is advisable as the privatisation process unfolds.

What Investors Should Watch

• Ongoing updates related to the privatisation scheme – including any formal offer prices, timelines, or changes in shareholder structure – will be crucial and potentially price-sensitive.
• Further dealings by large institutional shareholders or associates may provide additional signals regarding expectations for the scheme’s success or perceived value.
• Potential impacts on liquidity and trading volumes as the privatisation process proceeds, especially if more shares are accumulated or sold by major investors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making investment decisions. The information herein is based on public disclosures and may be subject to change as the privatisation process advances.

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