Decagon Asset Management LLP has disclosed a 1.6661% stake in Hipgnosis Songs Fund Limited, as of 25th June 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes 20,147,205 cash-settled derivatives. Additionally, the disclosure indicates an increase in a long position through a cash-settled derivative transaction involving 400,000 securities at a price of 1.3020 USD per unit.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
For any public disclosures under Rule 8 of the Code, it is required to be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.
This disclosure provides valuable insight into Decagon Asset Management LLP's stake in Hipgnosis Songs Fund Limited and their recent dealings, offering transparency to the market and investors.