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PARIS - Societe Generale (OTC:SCGLY) SA has disclosed a combined holding in Dalata Hotel Group PLC that surpasses the threshold requiring an announcement according to the Irish Takeover Panel Act, with a total interest amounting to 2.80% and short positions representing 1.08% of the hotel group’s issued share capital.
The French banking giant reported that as of Monday, May 16, 2025, it controlled 5,802,927 shares, equating to a 2.74% interest in the hotel operator, and held short positions in 92,234 shares, or 0.04%. Additionally, cash-settled derivatives were involved, with Societe Generale holding long positions in 89,648 shares (0.04%) and short positions in 2,193,185 shares (1.04%).
The disclosure follows recent transactions where Societe Generale sold ordinary shares at prices ranging from EUR 5.38586 to EUR 5.4. The bank also engaged in cash-settled derivative transactions that increased a long position by 3,589 shares and closed a short position by 310 shares, all executed at corresponding prices to the sales.
This announcement is in line with the Irish Takeover Panel’s Rule 8.3, which mandates that any party holding an interest in securities representing 1% or more of a company subject to a takeover must make an opening position disclosure. Societe Generale’s disclosure was made public on Thursday, May 19, 2025, as per the requirements.
The news of Societe Generale’s holdings in Dalata Hotel Group comes without any reported indemnity or option arrangements, agreements, or understandings related to the securities that would serve as an inducement to deal or refrain from dealing in the disclosed positions.
Investors and market watchers often monitor such disclosures to gauge the interest and strategies of large financial institutions in relation to companies they invest in. The movements in share ownership can sometimes provide insights into the market’s view on the company’s current valuation and future prospects.
This report is based on a press release statement and is intended to provide factual information regarding Societe Generale’s disclosed interests and dealings in Dalata Hotel Group PLC.
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