BNP Paribas reports stake changes in Dalata Hotel Group

LONDON - BNP Paribas SA (ETR:BNPP) disclosed on Tuesday that it has adjusted its holdings in Dalata Hotel Group Plc, a prominent hotel operator in Ireland. According to a filing with the Irish Takeover Panel, the bank’s transactions occurred on Monday, involving both interests and short positions in the company’s securities.

The French banking group now holds 5,245,354 ordinary shares, representing a 2.5% interest in Dalata Hotel Group. Concurrently, BNP Paribas (OTC:BNPQY) has decreased its short positions to -355,653 shares, or -0.2%. The bank also reported cash-settled derivatives amounting to 293,211 shares, or 0.14%, and an increase in short positions through derivatives to -5,215,924 shares, or -2.5%. This brings the total disclosed interest to 2.6% and the total short position to -2.63%.

The transaction details include cash-settled derivative activities such as contracts for difference (CFDs), where BNP Paribas engaged in reducing and increasing short positions at a price of 6.0800 EUR per unit. These transactions reflect the bank’s strategic adjustments to its investment in Dalata Hotel Group amidst the ongoing market conditions.

This disclosure is mandated by the rules governing the conduct of stock market participants in relation to the securities of companies involved in takeover situations. The information provided by BNP Paribas is based on the latest practicable date prior to the disclosure, as required by the Irish Takeover Panel Act, 1997, and the Takeover Rules, 2022.

Dalata Hotel Group, traded under the ticker IE00BJMZDW83, has not been identified as being involved in any other offer, and BNP Paribas has stated that there are no additional parties to the offer for whom disclosures are being made.

The bank has confirmed that there are no indemnity or dealing arrangements in place that would be an inducement to deal or refrain from dealing in the relevant securities. Furthermore, there are no attachments or supplemental forms associated with this disclosure.

The disclosed information is based on a press release statement and is intended to provide transparency into the trading activities and interests of BNP Paribas in relation to Dalata Hotel Group Plc.

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