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PARIS - Societe Generale (OTC:SCGLY) SA has disclosed a combined total interest and short position amounting to 2.80% and 1.09%, respectively, in Dalata Hotel Group plc, a leading hotel operator in Ireland. The disclosure, dated May 14, 2025, adheres to the rules of the Irish Takeover Panel Act, 1997, and Takeover Rules, 2022.
The French multinational bank reported ownership and/or control over 5,802,927 ordinary shares, which represents a 2.74% interest in the hotel group. Additionally, Societe Generale holds 101,720 shares in short positions, equating to 0.05%. The bank also disclosed cash-settled derivatives consisting of 99,134 shares or 0.05% and short positions in derivatives totaling 2,193,185 shares, representing 1.04%.
This information was made public in compliance with the disclosure requirements under Rule 8.3 of the Irish Takeover Panel, which mandates that anyone with an interest in relevant securities representing 1% or more must report their positions.
The latest transactions included the purchase of 3,103 ordinary shares at a price of €5.38 each and a corresponding reduction in a long position via cash-settled derivatives for the same number of shares and price.
Societe Generale’s disclosure does not indicate any indemnity or dealing arrangements that could be an inducement to deal or refrain from dealing. There are also no agreements, arrangements, or understandings related to options or derivatives that could affect the voting rights of any relevant securities.
The disclosure is a routine declaration of the bank’s trading activities and holdings as required by regulatory standards. It reflects the bank’s financial interest in Dalata Hotel Group but does not suggest any further intentions regarding its investment strategy.
This disclosure is based on a press release statement and is intended to inform shareholders and the market about significant holdings and dealings in the company’s securities. It is a standard procedure to ensure transparency and fair dealing in the financial markets.
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