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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a significant stake in Dalata Hotel Group Plc, according to a filing with the Irish Takeover Panel. The French banking group reported interests and short positions representing a total of 2.7% and -2.69% respectively in the hotel operator’s relevant securities.
The disclosure, dated May 28, 2025, showed that BNP Paribas (OTC:BNPQY) owned and controlled 5,368,784 ordinary shares, equating to a 2.5% stake in Dalata Hotel Group. Additionally, the bank held cash-settled derivatives amounting to 293,171 shares or 0.14%, and short positions totaling -490,348 shares or -0.2%. The bank’s total short positions through cash-settled derivatives stood at -5,200,738 shares, representing -2.5%.
The dealing activities included both purchases and sales of Dalata’s ordinary shares, with purchase transactions ranging from 6 to 140,605 shares at prices between €5.7152 and €5.7500. Sales transactions were reported for quantities ranging from 6 to 2,871 shares, with prices from €5.6600 to €5.7600. In addition, BNP Paribas engaged in cash-settled derivative transactions, both reducing short positions and a long position, with reference securities numbers from 2 to 664 and prices per unit at €5.7300 to €5.7400.
Dalata Hotel Group, listed on the Irish Stock Exchange with the ticker IE00BJMZDW83, has not been named in connection with any other party to the offer as per the disclosure. BNP Paribas has stated that there are no indemnity or option arrangements, or any agreements or understandings related to the reported positions.
This disclosure is mandatory under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires parties with interests in relevant securities representing 1% or more to make an opening position disclosure/dealing disclosure. The information is based on a press release statement and provides a transparent view of the bank’s investment moves in the market.
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