Societe Generale discloses 2.45% stake in Dalata Hotel Group

Published 13/06/2025, 09:54
Societe Generale discloses 2.45% stake in Dalata Hotel Group

DUBLIN - Societe Generale (OTC:SCGLY) SA has disclosed a 2.45% stake in Dalata Hotel Group plc, according to a regulatory filing released Friday.

The French banking group reported holding interests in 5,186,081 ordinary shares, representing approximately 2.45% of Dalata’s relevant securities. The position includes 5,122,174 owned or controlled shares and 63,907 shares through cash-settled derivatives.

Societe Generale also disclosed short positions totaling 66,493 shares, equivalent to 0.03% of the Irish hotel operator’s securities.

The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals several transactions conducted on June 12, including sales of ordinary shares at €6.29 per unit and adjustments to derivative positions.

The filing comes amid potential takeover activity surrounding Dalata, as the disclosure was made using the Irish Takeover Panel’s Form 8.3, which is required when a person holds interests in relevant securities representing 1% or more during an offer period.

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 disclosed in a regulatory news service filing submitted to the London Stock Exchange (LON:LSEG) on June 13, 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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