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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a 2.6% interest in Dalata Hotel Group Plc, according to a regulatory filing published Thursday. The French bank also reported a short position of 2.63% in the Irish hotel operator.
The disclosure, made under Irish Takeover Panel rules, reveals that BNP Paribas (OTC:BNPQY) holds 5,541,900 shares representing a long position in Dalata through a combination of 5,248,720 owned securities and 293,180 cash-settled derivatives.
The filing shows BNP Paribas simultaneously maintains a short position of 5,569,771 shares, comprised of 348,542 securities and 5,221,229 cash-settled derivatives.
The bank reported several transactions conducted on July 9, including the sale of 1,909 Dalata shares and the purchase of 94 shares, all priced at €5.13 per share. Additional cash-settled derivative transactions included reducing short positions in several instances while increasing a short position in one transaction.
Dalata Hotel Group, which trades on the Irish Stock Exchange, operates hotels primarily in Ireland and the United Kingdom (TADAWUL:4280) under the Clayton and Maldron brands.
The disclosure was made in accordance 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 during offer periods.
The information was provided through a regulatory filing submitted to the London Stock Exchange (LON:LSEG)’s news service.
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