JP Morgan Securities Plc, as an exempt principal trader, has disclosed its dealings in Hipgnosis Songs Fund Limited's relevant securities. The dealings, undertaken on 26 April 2024, include purchases and sales of ordinary shares, with a total number of securities transacted and the highest and lowest prices per unit paid/received provided. Additionally, cash-settled derivative transactions and stock-settled derivative transactions are detailed, along with other relevant information.
The disclosed dealings by JP Morgan Securities Plc include purchases and sales of ordinary shares, with a total of 101,043 and 2,557,205 securities respectively. The highest price per unit paid for purchases was 1.0399 GBP, while the lowest price per unit received for sales was 1.0322 GBP. Furthermore, cash-settled derivative transactions, such as equity swaps, were undertaken, with details on the nature of dealing, number of reference securities, and price per unit provided.
The disclosure also includes information on stock-settled derivative transactions, including writing, purchasing, selling, and varying options. Notably, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 30 April 2024, and the contact person for the disclosure is Natasha Mondon, with a provided telephone number for further inquiries.
This public dealing disclosure by JP Morgan Securities Plc is in accordance with Rule 8.5 of the Takeover Code and provides transparency regarding the exempt principal trader's transactions in Hipgnosis Songs Fund Limited's relevant securities. It offers insights into the trading activities and positions taken by JP Morgan Securities Plc, contributing to a better understanding of the market dynamics and the company's securities.