Jefferies International Limited, an exempt principal trader, disclosed its position in Hipgnosis Songs Fund Limited in accordance with Rule 8.5 of the Takeover Code. As of April 30, 2024, the trader held 29,631,539 relevant securities of Hipgnosis Songs Fund Limited, representing 2.450% of the total. Additionally, they held cash-settled derivatives and stock-settled derivatives, totaling 0.640% and 4.253%, respectively.
The trader also reported dealings in 10p ordinary shares of Hipgnosis Songs Fund Limited, including purchases and sales. The highest price per unit paid was 104.5000 GBX, and the lowest price per unit received was 103.5924 GBX. Furthermore, the disclosure indicated that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides insight into the position held by Jefferies International Limited in Hipgnosis Songs Fund Limited, offering transparency in line with regulatory requirements. It outlines the trader's interests, short positions, and dealings, contributing to a comprehensive understanding of the company's involvement with the offeror.