Bullish indicating open at $55-$60, IPO prices at $37
LONDON - BNP Paribas SA (ETR:BNPP) has reported its holding in Dalata Hotel Group Plc, indicating a mixed position of interests and short positions, according to a disclosure filed with the Irish Takeover Panel on Friday.
The French bank disclosed an ownership of 5,245,451 ordinary shares, representing a 2.5% stake in the hotel group. In contrast, it also reported short positions totaling -352,893 shares, or -0.2%. Additionally, BNP Paribas (OTC:BNPQY) holds cash-settled derivatives comprising 293,171 shares (0.14%) and short positions in derivatives amounting to -5,215,215 shares (-2.5%).
The combined total of interests and short positions in Dalata Hotel Group by BNP Paribas stands at 2.6% and -2.63%, respectively. The disclosure was made in accordance with Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates the reporting of interests representing 1% or more in companies involved in takeover situations.
The latest dealing reported by BNP Paribas involved the sale of 232 ordinary shares at a price of EUR 5.1300 per unit and the reduction of short positions through cash-settled derivative contracts for difference (CFDs) at a price of EUR 6.0800 per unit.
BNP Paribas has confirmed that it is not making disclosures with respect to any other party to the offer and has no indemnity or option arrangements, nor any agreements or understandings related to the voting rights of Dalata Hotel Group’s securities.
The disclosure does not indicate any immediate action or intent by BNP Paribas regarding its position in Dalata Hotel Group, but it provides transparency on the bank’s stake in the company as required by regulatory rules.
This information is based on a press release statement and is intended to inform market participants of significant shareholdings and positions held by investors, which can influence market perceptions and decisions.
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