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DUBLIN - BNP Paribas SA has disclosed a 1.6% ownership position in Dalata Hotel Group Plc, according to a regulatory filing made Tuesday with the Irish Takeover Panel.
The French banking group reported holding 3,350,859 ordinary shares in the Irish hotel operator as of October 27, while maintaining short positions totaling approximately 1.59% through cash-settled derivatives and other instruments.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals recent trading activity including the purchase of 74,949 shares at €6.38 per share. Simultaneously, BNP Paribas increased its short position through CFD transactions involving 74,941 securities at €6.39 per unit.
Companies are required to disclose positions representing 1% or more of a company’s securities during takeover situations under Irish regulations. The filing indicates BNP Paribas is not connected with any offeror in relation to Dalata.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom under its Clayton and Maldron brands.
The disclosure was submitted via the Regulatory Information Service of the London Stock Exchange, based on information provided in a company press release statement.
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