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LONDON - BNP Paribas SA has disclosed a 1.5% interest in Dalata Hotel Group Plc, according to a regulatory filing made Monday under Irish takeover rules.
The French bank reported ownership of 3,176,794 ordinary shares in the hotel group, representing a 1.5% stake, as of October 3. The disclosure also revealed short positions of approximately 1.5%, consisting primarily of cash-settled derivatives.
The filing detailed several recent transactions, including the sale of 644 shares at €6.38 per unit and the purchase of 94 shares at the same price. BNP Paribas also reported multiple cash-settled derivative transactions, including reducing a short position by 644 reference securities at €6.39 per unit.
The disclosure was made in compliance with Rule 8.3 of the Irish Takeover Panel Act, which requires persons with interests in relevant securities representing 1% or more to disclose their positions.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom.
The disclosure was submitted via a Form 8.3 filing to the Regulatory Information Service, as required by Irish takeover regulations. The information was based on a regulatory press release statement from BNP Paribas.
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