Societe Generale SA has submitted a Form 8.3 opening position disclosure under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, relating to Permanent TSB Group Holdings plc (-PTSB), the Irish retail banking group. The disclosure, dated 12 November 2026 and reflecting positions held as at 11 November 2026, reveals that Societe Generale holds a total long interest equivalent to 1.07% of Permanent TSB's €0.01 ordinary shares. The filing is a mandatory regulatory requirement triggered when any person with interests in relevant securities reaches or exceeds the 1% threshold during an offer period, making it a closely watched indicator of institutional positioning around the transaction.

Key Points

  • Societe Generale SA filing relates to Permanent TSB Group Holdings plc (-PTSB), an Irish retail bank listed on Euronext Dublin
  • Societe Generale disclosed a total long interest of 5,855,164 shares, representing 1.07% of Permanent TSB's €0.01 ordinary share class
  • The position includes 4,059,100 shares owned or controlled, 6,198 cash-settled derivatives long, and 1,789,866 shares held on borrow products
  • Investors may watch for further Form 8.3 updates should Societe Generale's position cross additional disclosure thresholds during the offer period

Societe Generale's 1.07% Long Stake and 0.75% Short Position in Permanent TSB Ordinary Shares

According to the Form 8.3 disclosure, Societe Generale's total long interest in Permanent TSB's €0.01 ordinary shares stands at 5,855,164 shares, equating to 1.07% of the relevant share class. This figure includes 4,059,100 shares owned and/or controlled outright, 6,198 shares held via cash-settled derivatives on the long side, and 1,789,866 shares held on borrow products. Concurrently, the French banking group disclosed total short positions of 4,065,249 shares, representing 0.75%, comprised almost entirely of 4,065,196 shares via cash-settled derivatives. No stock-settled derivatives or options positions were reported in this filing.

Dealings Executed on 11 November 2026 in Permanent TSB Shares and CFDs

The announcement states that on 11 November 2026, Societe Generale purchased 49,908 Permanent TSB €0.01 ordinary shares at a price of €2.96 per unit and sold 46,959 shares at €2.94 per unit. Mirroring these equity transactions, the firm also executed CFD dealings on the same date: increasing a short CFD position by 49,908 reference securities at €2.96 per unit, and reducing a short CFD position by 46,959 reference securities at €2.94 per unit. The disclosure confirms no indemnity arrangements, options agreements, or other formal understandings relating to voting rights or future acquisitions were in place as at the disclosure date.

Regulatory Context: Irish Takeover Panel Rule 8.3 Disclosure Requirements for Permanent TSB

Form 8.3 filings are required under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, whenever a person holds interests or short positions of 1% or more in the relevant securities of an offeror or offeree company during an offer period. Permanent TSB Group Holdings plc, one of Ireland's principal retail banks offering personal and mortgage lending products, is the subject company in this disclosure. Societe Generale confirmed that the disclosure does not extend to any other party to the offer, noting "N/A" in response to whether additional party disclosures were being made simultaneously, consistent with the form being filed in a cash offer context.