Alpine Associates Management Inc. has disclosed a 1.79% stake in Hipgnosis Songs Fund Limited, as of April 25th, 2024. The disclosure under Rule 8.3 of the Takeover Code includes 21,650,000 cash-settled derivatives. The disclosure also indicates an increase in a long position through a cash-settled derivative transaction involving 2,000,000 ordinary shares at a price of 1.2914 USD per unit. The disclosure does not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure.
This public disclosure is in compliance with the regulatory requirements and provides transparency about the ownership and dealing of relevant securities by Alpine Associates Management Inc. in Hipgnosis Songs Fund Limited. The disclosure offers insights into the positions and dealings of the disclosing party, contributing to a better understanding of the market dynamics and the interests of significant stakeholders in the company.