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DUBLIN - Societe Generale (OTC:SCGLY) SA has disclosed a 2.39% stake in Dalata Hotel Group plc, according to a regulatory filing made Thursday with the Irish Takeover Panel.
The French financial services company reported holding interests in 5,057,218 shares of the hotel operator, including 4,961,884 owned or controlled shares and 76,721 cash-settled derivatives. The position also includes 18,613 shares on borrow products.
Additionally, Societe Generale disclosed short positions totaling 79,307 shares, representing approximately 0.04% of Dalata’s share capital.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals transactions conducted on June 18, including the sale of 164,786 Dalata shares at prices ranging from €6.28 to €6.33 per share.
The filing also shows that Societe Generale reduced a short position by 4,078 shares and increased a long position by 418 shares through cash-settled derivatives.
Such disclosures are required when entities hold interests in relevant securities representing 1% or more during takeover situations. The statement did not provide details about any potential takeover activity involving Dalata Hotel Group.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280).
The information was provided in a regulatory filing based on a press release statement.
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