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LONDON - BNP Paribas SA has disclosed its position in Dalata Hotel Group Plc, revealing ownership of 799,736 shares representing approximately 0.4% of the company, according to a regulatory filing published Wednesday.
The French banking giant also reported short positions totaling 637,406 shares, equivalent to 0.3% of Dalata’s stock. The disclosure was made in accordance with Irish Takeover Panel rules, which require public reporting of positions representing 1% or more in companies potentially involved in takeover situations.
The filing detailed recent transactions by BNP Paribas, including the purchase of 164,271 shares at prices between €6.38 and €6.39 per share on August 26. Additionally, the bank executed several cash-settled derivative transactions, including reducing short positions in certain instances while increasing them in others.
Dalata Hotel Group, Ireland’s largest hotel operator, has not made any public announcement regarding a potential takeover offer. The disclosure form indicates BNP Paribas is not making similar disclosures regarding any other party to a potential offer.
The position disclosure comes as part of regulatory requirements under Rule 8.3 of the Irish Takeover Panel Act, which mandates transparency from entities with significant interests in companies that may be involved in acquisition activities.
The information was submitted through a Form 8.3 filing, which is required when a person holds interests in relevant securities representing 1% or more during an offer period.
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