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PARIS - Societe Generale (OTC:SCGLY) SA has reported its holding in the Dalata Hotel Group plc, revealing both interests and short positions in the company’s securities as of Wednesday. The French multinational bank disclosed that it owns 5,838,595 ordinary shares, representing a 2.76% interest in the Irish hotel operator. Additionally, Societe Generale holds cash-settled derivatives amounting to 103,013 shares and short positions totaling 2,334,452 shares or 1.10% of Dalata Hotel Group.
The bank’s dealings included the sale of 995 ordinary shares at a price of €5.19 per share and a subsequent sale of 656 shares at the same price. In the derivatives market, Societe Generale reduced a short position by 995 shares and increased a long position by 656 shares, both transactions involving contracts for difference (CFDs) at the price of €5.19 per unit.
Societe Generale’s disclosure, made in compliance with the Irish Takeover Panel Act of 1997 and the Takeover Rules of 2022, is part of the regulatory requirements for entities with interests in relevant securities representing 1% or more. The disclosure does not indicate any indemnity or dealing arrangements that could be an inducement to deal or refrain from dealing in the securities of Dalata Hotel Group.
The bank has stated that there are no agreements, arrangements, or understandings related to the voting rights of any relevant securities under any option or in relation to the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced.
This information, based on a press release statement, is provided without any supplemental form attachments and was publicly disclosed on Thursday, according to the Societe Generale disclosure team. The news reflects Societe Generale’s current position and dealings in Dalata Hotel Group’s securities, which are subject to change as per market conditions and the bank’s investment strategy.
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