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PARIS - Societe Generale (OTC:SCGLY) SA has disclosed a significant stake in Dalata Hotel Group plc, according to a regulatory filing with the Irish Takeover Panel on Tuesday. The French bank now holds an aggregate interest of 2.79% and short positions amounting to 1.09% in the Irish hotel operator.
The disclosure, dated May 12, 2025, details Societe Generale’s ownership of 5,802,927 ordinary shares, representing a 2.74% interest, and cash-settled derivatives equivalent to a 0.05% interest in Dalata Hotel Group. The short positions held through cash-settled derivatives amount to 2,193,185 shares, or 1.04%.
Societe Generale’s dealings included recent sales of Dalata’s ordinary shares on May 12, 2025, with 179,438 shares sold at a price of €5.32 each and a smaller sale of 4,478 shares at the same price. Additionally, the bank increased a long position in Dalata Hotel Group through a cash-settled derivative contract for 4,478 shares at €5.32 per share and closed a short position of 179,438 shares at the same price.
The bank’s dealings come amidst a period of active interest in the hotel group, although the filing made no mention of any specific intentions behind the transactions. The disclosure is a routine regulatory requirement for parties holding interests in relevant securities representing 1% or more for companies involved in takeover situations under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.
The information provided in the disclosure is based on a press release statement and is intended to inform the market of significant shareholdings and trading positions that may influence the company’s share price or affect investor decisions. The London Stock Exchange (LON:LSEG)’s Regulatory Information Service approved the release of this information.
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