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PARIS - Societe Generale (OTC:SCGLY) SA has disclosed its ownership and control of shares in Dalata Hotel Group PLC, a prominent hotel operator. As of April 22, 2025, the French multinational bank holds a combined total of 4,227,017 ordinary shares, representing a 2.00% interest in the company. Additionally, Societe Generale has a short position equivalent to 1.11% of Dalata’s ordinary shares, through cash-settled derivatives.
The disclosure, made in accordance with the rules of the Irish Takeover Panel, highlights recent transactions involving Dalata’s €0.01 ordinary shares. Societe Generale reported purchasing 2,193,185 shares at a price of €5.17 each, while selling a total of 194,823 shares at prices ranging from €5.14 to €5.17. In derivative transactions, the bank reduced a short position by 179,438 shares and opened a new short position through an equity-linked swap involving 2,193,185 shares, both at the same price points as the direct share dealings.
This announcement follows the regulations under Rule 8.3 of the Irish Takeover Panel Act, 1997, which mandates parties with interests in relevant securities representing 1% or more to disclose their positions during the course of takeover events. The report from Societe Generale does not indicate any involvement in such an event, as it stated "NO" when asked if disclosures were being made for any other party to an offer.
The disclosure does not include any details of indemnity or option arrangements, agreements, or understandings that might serve as an inducement to deal or refrain from dealing in Dalata’s securities. Moreover, Societe Generale has not attached a Supplemental Form 8, suggesting there are no stock-settled derivatives or agreements to purchase or sell relevant securities that need to be reported.
Investors and market observers often scrutinize such disclosures for insights into institutional investor strategies and sentiment towards companies like Dalata Hotel Group. The information provided is based on a press release statement and reflects Societe Generale’s current holdings and market activities related to Dalata Hotel Group PLC’s securities.
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