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LONDON - BNP Paribas SA has disclosed a 1.5% ownership position in Dalata Hotel Group Plc, according to a regulatory filing made Wednesday with the Irish Takeover Panel.
The French banking group reported holding 3,127,452 ordinary shares in the hotel company as of September 23, representing approximately 1.5% of Dalata’s relevant securities. The disclosure also revealed short positions totaling 3,129,192 shares, or about 1.48% of the company.
The filing showed that BNP Paribas purchased 95 additional Dalata shares at €6.38 per unit in its most recent transaction.
The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which requires persons with interests in relevant securities representing 1% or more to report their holdings.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom. The company trades under the Clayton and Maldron hotel brands.
The regulatory filing indicated no indemnity arrangements, option arrangements, or other agreements relating to relevant securities that might influence dealing decisions.
This information was disclosed in a Form 8.3 filing, which is required when a company may be involved in a potential takeover situation, though the filing did not specify details of any offer.
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