LONDON - BNP Paribas SA (ETR:BNPP) has revealed a significant stake in Dalata Hotel Group Plc, according to a disclosure made to the Irish Takeover Panel. The disclosure, dated Monday, details the French bank’s interests and short positions in Dalata Hotel Group, an Irish hotel operator.
As of last Thursday, BNP Paribas (OTC:BNPQY) controls 5,608,667 shares, representing a 2.7% stake in the company. Concurrently, they hold short positions amounting to -608,142 shares, or -0.3%. Additionally, the bank has engaged in cash-settled derivatives, specifically contracts for difference (CFDs), which correspond to a short position of -5,296,307 shares, or -2.5% of Dalata’s issued share capital.
The transactions included both purchases and sales of Dalata’s shares, with a notable purchase of 311,677 shares at a price of EUR 5.0600 each. The bank also reported several CFD transactions, which mainly increased their short position, with minor adjustments reducing it.
No dealings were reported in stock-settled derivatives or other instruments such as options or rights to subscribe for new securities. BNP Paribas also confirmed that there are no indemnity or option arrangements, nor any agreements or understandings with other parties regarding the voting rights of Dalata’s securities.
The disclosure is a routine regulatory requirement under Rule 8.3 of the Irish Takeover Panel Act, which mandates that any entity holding interests in relevant securities representing 1% or more must report their positions during takeover situations.
Dalata Hotel Group, listed on the Euronext (EPA:ENX) Dublin and the London Stock Exchange (LON:LSEG), operates hotel properties across Ireland and the United Kingdom. The company has been expanding its portfolio, which includes the Maldron Hotel brand and Clayton Hotels.
This disclosure by BNP Paribas is based on a press release statement and is a standard part of market transparency, allowing investors to be aware of significant stakes held by financial institutions in public companies.
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