BlackRock, Inc. Sells Significant Stake in ENN Energy Holdings Ltd During Privatisation Talks

Key Points from the Public Disclosure

• Date of Transaction: 25 February 2026
• Party Involved: BlackRock, Inc., a major institutional investor and Class (6) associate of ENN Energy Holdings Ltd
• Type of Transaction: Sale of shares
• Number of Shares Sold: 1,523,987
• Sale Price Per Share: \$68.65
• Resultant Holding: 62,907,006 shares
• Percentage of Issued Share Capital: 5.5579% (including holdings of persons with whom there is an agreement or understanding)
• Transaction Executed: On a US exchange, for discretionary investment clients
• Context: The transaction was disclosed as part of ongoing privatisation efforts by ENN Energy Holdings Ltd, via a scheme of arrangement

Important Insights for Shareholders

• Price Sensitivity: The sale of over 1.5 million shares by BlackRock, Inc. at \$68.65 per share is significant, as it represents a notable reduction in their stake and could influence market sentiment and share price direction.
• Privatisation Scheme: The disclosure is related to the privatisation of ENN Energy Holdings Ltd. Investors should be aware that large share sales by major holders during a privatisation process can impact both the perceived value of the company and the likelihood of scheme approval.
• Institutional Activity: BlackRock, Inc.’s dealings were made for the accounts of discretionary investment clients, indicating potential shifting investment strategies among institutional holders.
• Regulatory Disclosure: The transaction was made public in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, highlighting transparency during corporate actions.
• Remaining Stake: Despite the sale, BlackRock retains a substantial holding (over 5.5% of the company), suggesting ongoing interest but also potential for further disposals.

Potential Impact on ENN Energy Holdings Ltd Share Price

This transaction is potentially price sensitive and newsworthy. Large sales by institutional investors during a privatisation process can create volatility and signal changing confidence in the company’s future. Shareholders should closely monitor further disclosures and institutional activity as the privatisation scheme progresses.

Additional Details

• BlackRock, Inc. is considered a Class (6) associate of ENN Energy Holdings Ltd due to its shareholdings.
• The sale was executed on a US exchange, possibly indicating international investor activity and liquidity considerations.
• The resultant balance includes shares held by persons with whom BlackRock, Inc. has agreements or understandings, underlining the complexity of institutional holdings.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisors before making any investment decisions. The information is based on public disclosures and may be subject to change as further corporate actions unfold.

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