LONDON - BNP Paribas SA (ETR:BNPP) disclosed on Tuesday an adjustment to its holdings in Dalata Hotel Group Plc, the largest hotel operator in Ireland. According to a regulatory filing with the Irish Takeover Panel, the French bank has altered both its long and short positions in the company.
As of Monday, BNP Paribas (OTC:BNPQY) owned 5,115,197 shares, representing a 2.42% stake in Dalata Hotel Group. Concurrently, the bank held short positions amounting to -323,460 shares, or -0.15% of the company. Additionally, cash-settled derivatives held by BNP Paribas included 316,638 shares on the long side and -5,114,459 shares on the short side, bringing total interests to 2.6% and total short positions to -2.6%, respectively, of Dalata’s issued share capital.
The adjustments include both increases and reductions in short positions through contracts for difference (CFDs), with transactions on Tuesday showing a reduction in short positions by 35 shares at a price of EUR 5.1300 and an increase in short positions by 68 shares at EUR 5.1700.
BNP Paribas has not disclosed any dealings in stock-settled derivatives or any other class of relevant securities of Dalata Hotel Group. Moreover, the bank has confirmed that there are no indemnity or option arrangements, nor any agreements or understandings related to the voting rights of the relevant securities.
This information, based on a press release statement, is part of the public disclosures required under Rule 8.3 of the Irish Takeover Panel’s rules, which mandate disclosure by any party holding interests in relevant securities representing 1% or more of a company involved in a takeover.
The disclosure comes amid a period of active monitoring by investors of ownership stakes in publicly traded companies, particularly within the hospitality sector, which has been subject to significant market shifts. Dalata Hotel Group operates hotels across Ireland, the United Kingdom, and continental Europe, and changes in its shareholder structure can be of interest to investors tracking the industry.
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