Société Générale SA has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a combined long interest of 4,515,754 ordinary shares, equivalent to 0.83% of Permanent TSB Group Holdings plc, as of 12 November 2026. The French banking group simultaneously holds short positions totalling 4,066,337 shares, representing 0.75% of the Irish retail bank's relevant securities. The disclosure, published on 13 November 2026 via RNS, was made pursuant to Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires parties holding 1% or more in aggregate across long and short positions to publicly declare their interests. Investors tracking the ownership structure of Permanent TSB Group Holdings (CDI: -PTSB) may note the scale of Société Générale's derivative-linked positioning.

Key Points

  • Permanent TSB Group Holdings plc (CDI: -PTSB) is the subject company; Société Générale SA is the disclosing party
  • Société Générale discloses a total long interest of 4,515,754 ordinary shares (0.83%) and short positions of 4,066,337 shares (0.75%) in Permanent TSB Group Holdings
  • Dealings include purchases of 449,368 shares at €2.97 and 50,996 shares at €2.95, alongside a sale of 49,908 shares at €2.97, with corresponding CFD transactions
  • Investors should watch for further Rule 8.3 disclosures as any takeover-related situation involving Permanent TSB Group Holdings develops

Société Générale's Long and Short Positions in Permanent TSB Group Holdings Broken Down

The disclosure reveals that Société Générale's 0.83% long interest comprises 4,509,556 ordinary shares owned or controlled directly, plus 6,198 shares held via cash-settled derivatives. On the short side, 53 shares are held outright, while 4,066,284 shares are referenced through cash-settled derivatives, producing a total short position of 4,066,337 shares, equal to 0.75% of Permanent TSB's relevant securities. All securities referenced are €0.01 ordinary shares in Permanent TSB Group Holdings plc. The announcement states no stock-settled derivatives or options are outstanding, and no supplemental Form 8 has been attached to this disclosure.

Dealings Undertaken by Société Générale on 12 November 2026

The Form 8.3 sets out specific transactions conducted on 12 November 2026 in Permanent TSB Group Holdings ordinary shares. Société Générale purchased 449,368 shares at €2.97 per unit and a further 50,996 shares at €2.95 per unit, while selling 49,908 shares at €2.97 per unit. Mirroring these equity transactions, the bank also increased a CFD short position by 50,996 reference securities at €2.95 and reduced a CFD short position by 49,908 reference securities at €2.97. The announcement confirms no indemnity, option, or other dealing arrangements exist between Société Générale and any party to the offer, and no agreements relating to voting rights or future acquisitions are in place.

Irish Takeover Panel Rule 8.3 Obligations Triggered for Permanent TSB Group Holdings

Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, requires any person holding interests or short positions of 1% or more in the relevant securities of an offeror or offeree company to make a public opening position disclosure. Société Générale's combined exposure across long and short positions satisfies this threshold in relation to Permanent TSB Group Holdings plc, Ireland's listed retail banking group. The disclosure was filed on 13 November 2026 and submitted to a Regulatory Information Service as required. The announcement notes no connection to any exempt fund manager linked to an offeror or offeree.