Societe Generale SA has filed a Form 8.3 opening position disclosure under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, confirming it holds interests and short positions each representing 1.44% of Irish Residential Properties REIT plc's €0.10 ordinary shares. The disclosure, dated 13 November 2026 and reflecting positions held as at 12 November 2026, was made pursuant to Rule 8.3, which requires persons holding 1% or more of relevant securities to publicly disclose their positions during an offer period. The filing also reveals that Societe Generale purchased 660,855 ordinary shares and simultaneously increased a short position via a CFD transaction of equal size, both at a price of approximately €1.362 per unit.

Key Points

  • Societe Generale SA (0QT8) filed a Form 8.3 disclosure in relation to Irish Residential Properties REIT plc
  • The bank holds a long interest of 7,545,196 shares (1.44%) and a matching short position of 7,545,327 shares (1.44%)
  • 660,855 ordinary shares were purchased and a CFD short position of equivalent size was increased, both at approximately €1.362 per unit
  • Investors should watch for further Rule 8.3 disclosures as the offer period for Irish Residential Properties REIT plc progresses

Societe Generale's Matched Long and Short Exposure to Irish Residential Properties REIT

The Form 8.3 filing reveals that Societe Generale holds 7,545,196 €0.10 ordinary shares in Irish Residential Properties REIT plc, representing a 1.44% long interest, while simultaneously carrying a total short position of 7,545,327 shares, also equating to 1.44%. Of the short position, 36,536 shares are held as direct short positions in relevant securities, while 7,508,791 shares are referenced through cash-settled derivatives, specifically CFDs. The near-identical scale of the long and short exposures indicates a broadly hedged position, a structure commonly associated with market-making or arbitrage activity rather than a directional investment stance.

660,855 Shares Purchased and CFD Short Increased at €1.362 Per Unit

The dealing section of the disclosure confirms that Societe Generale purchased 660,855 €0.10 ordinary shares at a price of approximately €1.36199394723502 per unit on 12 November 2026. Concurrently, the bank increased a short position through a CFD transaction referencing the same 660,855 shares at an identical price per unit. The announcement states no stock-settled derivatives or options were transacted, and no indemnity arrangements or voting-related agreements exist between Societe Generale and any party to the offer, with both fields confirmed as "None" in the filing.

Irish Residential Properties REIT plc and the Rule 8.3 Disclosure Obligation

Irish Residential Properties REIT plc is an Irish-listed real estate investment trust focused on the residential property sector. The requirement for Societe Generale to file this Form 8.3 arises because the REIT is subject to an offer period under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, triggering mandatory transparency obligations for all holders of 1% or more of relevant securities. The filing was made via a Regulatory Information Service on 13 November 2026. No supplemental Form 8 was attached, and the disclosure was submitted by Société Générale's dedicated disclosure team based in Paris.