Bullish indicating open at $55-$60, IPO prices at $37
LONDON - BNP Paribas SA (ETR:BNPP) has disclosed its ownership and short positions in Dalata Hotel Group Plc, the company announced on Monday. The French bank revealed a 2.6% interest in the Irish hotel operator, equating to 5,593,537 shares, and a short position of -0.4%, or -919,533 shares, as of Friday.
The disclosure is part of the regulatory requirements under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates parties holding interests in relevant securities representing 1% or more to report their positions.
BNP Paribas (OTC:BNPQY) also reported cash-settled derivatives, including a 0.14% long position with 293,209 securities and a -2.5% short position, representing -5,281,279 securities. The total interests and short positions disclosed by BNP Paribas amount to 2.8% and -2.93%, respectively.
In addition to its holdings, BNP Paribas engaged in recent trading activities involving Dalata’s securities. The bank purchased 942 shares at a price of EUR 5.0600 per share and sold 179,438 shares at the same price. Concurrently, BNP Paribas increased its short position through a contract for difference (CFD) by 942 at EUR 5.0600 per unit and reduced its short position by 179,415 at the same price.
The bank has confirmed that there are no indemnity or option arrangements in place related to the disclosed securities that would serve as an inducement to deal or refrain from dealing. Additionally, BNP Paribas stated that there are no agreements, arrangements, or understandings relating to the voting rights of any relevant securities under any option or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced.
This disclosure comes as part of the standard regulatory practice to ensure transparency in the financial markets. The information is based on a press release statement and is intended to provide the public and investors with critical data regarding significant holdings and market activities related to Dalata Hotel Group Plc.
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