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LONDON - BNP Paribas SA has disclosed a 1.4% ownership position in Dalata Hotel Group Plc, according to a regulatory filing made Monday with the Irish Takeover Panel.
The French banking giant reported holding 3,024,833 ordinary shares in the hotel operator, representing approximately 1.4% of the company’s relevant securities. The disclosure also revealed short positions totaling 1.43% through cash-settled derivatives and other instruments.
The filing, made under Rule 8.3 of the Irish Takeover Panel Act, shows BNP Paribas executed several transactions on September 19, including purchases of Dalata shares at €6.38 per unit and increases to short positions through contracts for difference (CFDs) at €6.39 per unit.
Companies are required to disclose positions of 1% or more in relevant securities under Irish takeover rules. These disclosures provide transparency regarding significant shareholdings during potential takeover situations.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom under the Clayton and Maldron brands.
The disclosure was submitted through the Regulatory Information Service of the London Stock Exchange as required by market regulations. The information was provided in a standard Form 8.3 filing, which is used for opening position disclosures under Irish takeover rules.
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