Societe Generale discloses stake in Dalata Hotel Group

Published 13/05/2025, 12:56
Societe Generale discloses stake in Dalata Hotel Group

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.