Societe Generale SA has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing interests and short positions in Permanent TSB Group Holdings plc (-PTSB), the Irish retail banking group. The disclosure, dated 10 November 2026 and reflecting positions held as at 9 November 2026, shows the French banking group holds a total interest of 4,015,390 ordinary shares, equivalent to 0.74% of the relevant share class. Societe Generale simultaneously carries a matching short position of 4,015,341 shares, also representing 0.74%, primarily constructed through cash-settled contracts for difference. The filing is required under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates disclosure from any party holding interests of 1% or more in relevant securities — though in this case the total interest reported sits at 0.74%.

Key Points

  • Societe Generale SA filing relates to Permanent TSB Group Holdings plc (-PTSB), an Irish retail bank
  • Form 8.3 opening position disclosure filed under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022
  • Total interest of 4,015,390 shares (0.74%) and short position of 4,015,341 shares (0.74%) as at 9 November 2026
  • Investors may watch for further Rule 8.3 disclosures as the takeover situation involving Permanent TSB develops

Societe Generale's Long and Short Positions in Permanent TSB €0.01 Ordinary Shares

The disclosure reveals that Societe Generale directly owns or controls 4,009,192 ordinary shares in Permanent TSB Group Holdings plc, alongside a minimal short position of 53 shares in the same directly held category. The firm additionally holds 6,198 shares via cash-settled derivatives on the long side, while carrying a substantially larger cash-settled derivative short position of 4,015,288 shares, equivalent to 0.74% of Permanent TSB's relevant share class. The €0.01 ordinary shares are the class of relevant security to which this disclosure relates. Societe Generale confirmed it holds no stock-settled derivatives or options in the company, and no supplemental Form 8 was attached to the filing.

Dealings Undertaken by Societe Generale in Permanent TSB Shares on 9 November 2026

The announcement states that Societe Generale conducted multiple purchases and sales of Permanent TSB €0.01 ordinary shares on 9 November 2026. Purchases included 11,960 shares at €2.95147 per unit and 368,659 shares at €2.94 per unit. The firm also sold 46,959 shares at €2.97 per unit. Mirroring these equity transactions, Societe Generale executed corresponding CFD dealings: increasing its short position by 11,960 contracts at €2.95147 and by 368,659 contracts at €2.94, while reducing its short position by 46,959 contracts at €2.97. The company disclosed no indemnity arrangements, options, or agreements relating to voting rights on these securities.

Irish Takeover Panel Rule 8.3 Obligations Driving the Societe Generale Disclosure

Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, requires persons with interests in relevant securities representing 1% or more to make public opening position disclosures during an offer period. Societe Generale's filing indicates its position is 0.74%, yet it has still submitted a Form 8.3, suggesting an obligation arose in the context of the ongoing offer situation involving Permanent TSB Group Holdings plc. The disclosure confirms no connections to an exempt fund manager role and states that no other party to the offer prompted a separate concurrent disclosure. Societe Generale's disclosure team in Paris submitted the form, with contact details provided to the regulatory information service.