Societe Generale SA has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a total interest of 1.01% in Permanent TSB Group Holdings plc (-PTSB), the Irish retail banking group. The disclosure, dated 9 November 2026 and reflecting a position held as of 6 November 2026, was made under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. The filing is required of any person holding interests in relevant securities representing 1% or more of an offeror or offeree involved in a takeover situation, making this a regulatory milestone investors in Permanent TSB will be watching closely.

Key Points

  • Societe Generale SA filing relates to Permanent TSB Group Holdings plc (-PTSB), an Irish retail bank
  • Societe Generale disclosed a total interest of 1.01% in Permanent TSB's €0.01 ordinary shares as of 6 November 2026
  • Total interest comprises 5,508,084 shares including 1,826,354 shares held on borrow products; short positions stand at 3,681,681 shares (0.68%)
  • Investors should monitor further Rule 8.3 filings for changes in Societe Generale's position relative to the ongoing offer situation

Societe Generale's Disclosed Stake and Short Position in Permanent TSB's Ordinary Shares

According to the Form 8.3 filing, Societe Generale SA holds a total interest of 5,508,084 shares in Permanent TSB Group Holdings plc, equating to 1.01% of the company's €0.01 ordinary share class. Within this total, 3,675,532 shares are owned or controlled outright (0.67%), and 6,198 shares are held via cash-settled derivatives. The figure also includes 1,826,354 shares held on borrow products. On the short side, Societe Generale holds short positions totalling 3,681,681 shares, or 0.68%, of which the vast majority — 3,681,628 shares — are held through cash-settled derivatives, specifically contracts for difference.

Dealings in Permanent TSB Shares on 6 November 2026 at €2.94–€2.95 Per Share

The disclosure details that on 6 November 2026, Societe Generale purchased 46,959 Permanent TSB ordinary shares at €2.95 per unit and sold 49,419 shares at €2.94 per unit. Mirroring these equity transactions, the French banking group simultaneously increased a short CFD position by 46,959 reference securities at €2.95 and reduced a short CFD position by 49,419 reference securities at €2.94. The announcement states that no stock-settled derivative transactions, options, or other dealings were undertaken. No indemnity arrangements or agreements relating to voting rights were reported.

Regulatory Context: Rule 8.3 Obligations Under the Irish Takeover Panel Act

Permanent TSB Group Holdings plc is an Irish retail and mortgage bank operating across the Republic of Ireland, and its shares are subject to Irish Takeover Panel oversight when an offer situation exists. Rule 8.3 of the Irish Takeover Rules, 2022 requires any person with interests in 1% or more of relevant securities to publicly disclose their position and any subsequent dealings. Societe Generale confirmed in the filing that it has no indemnity or option arrangements that could constitute an inducement to deal, and that no supplemental Form 8 was attached to this disclosure.

No Additional Parties Named as Societe Generale Confirms Cash Offer Structure

The filing notes the offer is classified as a cash offer or possible cash offer, with field 1(f) marked "N/A", confirming that Societe Generale is not making simultaneous disclosures in respect of any other party to the offer. The French bank is not identified as an exempt fund manager connected with either the offeror or offeree. The disclosure was submitted by Société Générale's dedicated disclosure team based in Paris, and was filed with a Regulatory Information Service in compliance with Irish Takeover Panel public disclosure requirements.