BNP Paribas discloses stake in Dalata Hotel Group

LONDON - BNP Paribas SA (ETR:BNPP) has reported a significant holding in Dalata Hotel Group Plc, a leading Irish hotel operator. According to a regulatory filing with the London Stock Exchange (LON:LSEG) on Tuesday, BNP Paribas (OTC:BNPQY) now owns a combined interest of approximately 2.7% in the hotel group.

The disclosure, mandated under the rules of the Irish Takeover Panel, revealed that as of Monday, BNP Paribas controlled 5,424,373 shares, representing a 2.6% direct interest in Dalata Hotel Group. Additionally, the French banking group holds cash-settled derivatives corresponding to 293,209 shares or a 0.14% interest.

Conversely, BNP Paribas has short positions totalling -352,893 shares or -0.2%, and cash-settled derivatives that represent -5,394,787 shares, equating to a -2.6% interest. Overall, the net short position is -2.72%.

The transactions leading to this position included purchases and sales of Dalata’s shares, with prices per unit ranging from 5.6700 to 5.7500 EUR. Notably, a significant increase in BNP Paribas’s short position occurred through a contract for difference (CFD) dealing with 178,667 reference securities at a price of 5.7500 EUR each.

Dalata Hotel Group, listed on the Irish Stock Exchange with the ticker IE00BJMZDW83, operates hotels primarily in Ireland and the UK. The company has experienced growth in recent years, expanding its portfolio across major cities.

The report from BNP Paribas does not indicate any indemnity or option arrangements, agreements, or understandings related to the disclosed positions. Furthermore, the bank has not attached a Supplemental Form 8, which would provide additional details on derivative positions.

This disclosure is based on a press release statement and provides a snapshot of BNP Paribas’s interests and short positions in Dalata Hotel Group as of the date specified. The information is essential for investors monitoring the ownership and control stakes within publicly traded companies.

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