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LONDON - BNP Paribas SA (ETR:BNPP) has reported a mixed position in Dalata Hotel Group Plc, a company listed on the Irish Stock Exchange, according to a disclosure made Monday under the rules of the Irish Takeover Panel.
The French bank revealed an ownership of 5,245,354 shares, representing a 2.5% stake in the hotel group. Concurrently, it disclosed short positions amounting to -355,653 shares, or -0.2%. In addition, BNP Paribas (OTC:BNPQY) holds cash-settled derivatives including 293,209 shares, or 0.14%, and a larger short position via derivatives of -5,215,887 shares, or -2.5%.
The net total of BNP Paribas’ interests and short positions in Dalata Hotel Group equates to 5,538,563 shares, or 2.6% of the company, against a short position of -5,571,540 shares, or -2.63%.
The disclosure follows recent transactions by BNP Paribas, which included sales of Dalata Hotel Group securities on the previous Thursday. The sales were conducted at a price of EUR 5.1300 per share. Additionally, the bank engaged in various cash-settled derivative transactions, notably reducing and increasing short positions at a price of 6.0800 EUR per unit.
BNP Paribas has not disclosed any indemnity or option arrangements, nor agreements or understandings related to the voting rights of Dalata Hotel Group’s relevant securities. The disclosure is in compliance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates public disclosures of interests and short positions representing 1% or more in companies involved in takeover situations.
The reported dealings by BNP Paribas in Dalata Hotel Group’s securities provide insights into the bank’s trading activities and interests in the hospitality sector company. This announcement is based on a press release statement and is intended to inform the public and investors of relevant financial interests and market transactions.
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