Societe Generale discloses 2.74% stake in Dalata Hotel Group

Published 26/06/2025, 09:22
Societe Generale discloses 2.74% stake in Dalata Hotel Group

DUBLIN - Societe Generale (OTC:SCGLY) SA has disclosed a 2.74% stake in Dalata Hotel Group plc, according to a regulatory filing made Thursday.

The French financial institution reported holding interests in 5,787,904 shares, representing 2.74% of the Irish hotel operator, as well as short positions in 78,346 shares, equivalent to 0.04% of the company.

The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, revealed that Societe Generale’s position includes 5,712,144 owned or controlled relevant securities and 75,760 cash-settled derivatives.

The filing also detailed a recent transaction where Societe Generale reduced a long position through a cash-settled derivative transaction involving 1,184 shares at a price of €6.40 per unit. Additionally, the bank purchased 1,184 ordinary shares at the same price.

The disclosure was made as part of opening position disclosure requirements that apply to persons with interests in relevant securities representing 1% or more during takeover situations.

The information was provided in a Form 8.3 filing to the Irish Takeover Panel dated June 25, 2025, and subsequently released through the Regulatory Information Service of the London Stock Exchange (LON:LSEG).

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