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PARIS - Societe Generale (OTC:SCGLY) SA has disclosed a significant stake in Dalata Hotel Group PLC, a leading hotel operator in Ireland, according to a filing with the Irish Takeover Panel dated March 24, 2025.
The French multinational bank reported ownership and control over approximately 1.28% of Dalata’s ordinary shares, split between direct interests and cash-settled derivatives. As of March 21, 2025, Societe Generale’s direct interests amounted to 2,649,586 shares, representing about 1.25% of the company, while short positions comprised 62,028 shares, or 0.03%. Concurrently, their cash-settled derivatives stood at 61,970 shares, or 0.03%, with a corresponding short position of 2,643,115 shares, also representing 1.25%.
Additionally, the bank engaged in the sale of 1,720,341 Dalata shares at a price of 5.54 euros per unit. No dealings were reported in stock-settled derivatives or other transactions related to new securities of Dalata Hotel Group.
The disclosure comes amid no reported indemnity or dealing arrangements that could be an inducement to deal or refrain from dealing in the relevant securities. Societe Generale also confirmed that no supplemental Form 8 was attached to the filing.
The press release statement from Societe Generale provides transparency on its dealings with Dalata Hotel Group PLC’s securities, as required under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. The disclosed information is essential for investors monitoring the market activities of publicly traded companies and their significant shareholders.
This disclosure does not suggest any intention by Societe Generale regarding a takeover or additional transactions related to Dalata Hotel Group PLC. As such, it serves as a routine update to the market on the bank’s investment positions in line with regulatory requirements.
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