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DUBLIN - Societe Generale (OTC:SCGLY) SA has disclosed a 3.04% stake in Dalata Hotel Group plc, according to a regulatory filing made Wednesday.
The French banking group reported holding interests in 6,428,118 shares, representing 3.04% of the Irish hotel operator, as of June 24. This includes 5,712,144 owned or controlled shares, 76,944 cash-settled derivatives, and 639,030 shares on borrow products.
The disclosure also revealed a short position of 79,530 shares, equivalent to 0.04% of Dalata’s share capital.
The filing was made under Rule 8.3 of the Irish Takeover Panel Act, which requires persons with interests in relevant securities representing 1% or more to disclose their positions.
Societe Generale reported a transaction on June 24 involving the sale of 449 Dalata shares at €6.41 per share, while simultaneously increasing a long position through cash-settled derivatives for the same number of shares at the same price.
The disclosure comes amid potential takeover activity involving Dalata Hotel Group, though no specific details about any offer were included in the regulatory filing.
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 Form 8.3 filing submitted to the Irish Takeover Panel.
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