BNP Paribas discloses stake in Dalata Hotel Group

Published 16/05/2025, 10:10
BNP Paribas discloses stake in Dalata Hotel Group

LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a significant stake in the Dalata Hotel Group Plc, according to a filing with the Irish Takeover Panel. The French bank reported a combined interest of 2.8% and a short position of 2.86% in the hotel operator, based on data as of May 14, 2025.

The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which mandates that any party holding interests in relevant securities representing 1% or more must report their position. The relevant securities in this case are Dalata Hotel Group’s ordinary shares, with the ticker IE00BJMZDW83.

BNP Paribas (OTC:BNPQY) controls 5,582,593 shares, equating to a 2.6% stake in the company. Additionally, the bank has cash-settled derivatives amounting to 293,171 shares, or 0.14%. On the short side, BNP Paribas has declared a position of -774,432 shares, or -0.4%, and cash-settled derivatives that short -5,269,642 shares, representing -2.5%.

The bank engaged in several transactions involving Dalata Hotel Group shares and derivatives. Purchases of the shares ranged from 178 to 144,910 units, with prices per unit between EUR 5.34 and EUR 5.40. Sales transactions were reported for -14 and -11,776 shares at prices of EUR 5.35 and EUR 5.38, respectively. In terms of derivative transactions, BNP Paribas increased its short position with contracts for difference (CFDs) in several instances and reduced a long position once.

No other dealings, such as stock-settled derivatives or other transactions in respect of new securities, were reported. BNP Paribas has also confirmed that there are no indemnity or option arrangements, agreements, or understandings in place that would be an inducement to deal or refrain from dealing in the relevant securities.

This disclosure comes amid no reported formal agreements or understandings related to the voting rights of Dalata Hotel Group’s securities. The information is based on a press release statement and was made public on May 15, 2025, by the Compliance Control Room at BNP Paribas, with the contact number provided as 0207 595 9695.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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