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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 released Friday.
The French banking group reported holding 3,242,498 shares in the Irish hotel operator, representing approximately 1.5% of Dalata’s relevant securities. The filing also revealed short positions totaling 1.53% through a combination of cash-settled derivatives and other instruments.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, indicates BNP Paribas sold 145 shares at €5.13 per unit in its most recent transaction on October 16.
Such disclosures are required when entities hold interests in relevant securities representing 1% or more during takeover situations, suggesting Dalata Hotel Group may be involved in potential acquisition activity.
The filing showed no indemnity arrangements or agreements relating to options or derivatives between BNP Paribas and other parties regarding Dalata securities.
Dalata Hotel Group operates primarily in Ireland and the United Kingdom under the Clayton and Maldron hotel brands.
The information was disclosed through a Form 8.3 filing with the Irish Takeover Panel, as stated in the company’s press release.
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