JP Morgan Securities Plc, as an exempt principal trader, has made public dealing disclosures in relation to Hipgnosis Songs Fund Limited. The dealings were undertaken on 29th April 2024 and involved purchases and sales of ordinary securities, as well as cash-settled derivative transactions. The purchases and sales of ordinary securities amounted to 2,750,368 and 3,131,590, respectively, with prices ranging from 1.0413 GBP to 1.0683 GBP per unit.
Additionally, the cash-settled derivative transactions included opening a short position and increasing a short position, with prices per unit ranging from 1.0569 GBP to 1.3313 GBP. The disclosure also stated that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made on 2nd May 2024 and the contact person for the disclosure is Natasha Mondon, with a telephone number of 01202 325175. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements.
This public dealing disclosure provides insight into the recent activities of JP Morgan Securities Plc in relation to Hipgnosis Songs Fund Limited, shedding light on the transactions and dealings undertaken by the exempt principal trader.