Singer Capital Markets Securities Ltd, an exempt principal trader, disclosed their public dealing activities in relation to HIPGNOSIS SONGS FUND LTD on May 2, 2024. The dealings included purchases and sales of the company's ordinary shares. The purchases amounted to 1,330,000 securities at a price range of 104.8p to 105.6p per unit, while the sales involved 1,370,000 securities at a price range of 105p to 105.6p per unit.
The disclosure also confirmed that there were no cash-settled derivative transactions or stock-settled derivative transactions, including options, undertaken by the exempt principal trader. Furthermore, there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other party.
This disclosure provides insight into the recent trading activities involving HIPGNOSIS SONGS FUND LTD's securities by Singer Capital Markets Securities Ltd, offering transparency to the market and investors. The information is in compliance with Rule 8 of the Takeover Code and has been made public through a Regulatory Information Service.
For further details or consultation regarding the Code's dealing disclosure requirements, the Panel's Market Surveillance Unit can be contacted at +44 (0)20 7638 0129. The contact person for this disclosure is Jennifer Bentick, reachable at 020 7496 3055.
Date of disclosure: May 3, 2024