Bain Capital Partnership Strategies Management, LLC has disclosed a 2.29% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, includes the ownership of 27,669,054 relevant securities. The disclosure also details the recent dealings, including the sale of 1,000,000 ordinary shares at GBP 1.0182 per unit, and sales of 2,000,000 and 2,000,000 ordinary shares at GBP 1.0211 and GBP 1.0214 per unit, respectively.
The disclosure further clarifies that there are no cash-settled derivatives or stock-settled derivatives, including options, held. Additionally, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 10 May 2024, and no supplemental form or attachments were included.
This disclosure provides insight into Bain Capital Partnership Strategies Management, LLC's significant stake in Hipgnosis Songs Fund Limited and its recent dealings with the company's securities. It offers transparency and compliance with the regulatory requirements under the Takeover Code.