J.P. Morgan SE, an exempt principal trader, has disclosed its position in Hipgnosis Songs Fund Limited in accordance with Rule 8.5 of the Takeover Code. The disclosure, dated 1 May 2024, indicates that J.P. Morgan SE holds no relevant securities in Hipgnosis Songs Fund Limited. However, it has cash-settled derivatives with 0.01% short positions totaling 118,916. The trader has also engaged in purchases and sales of ordinary securities at a price of 1.0420 GBP per unit.
The disclosure further reveals that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between J.P. Morgan SE and any other party. Additionally, no supplemental form is attached to the disclosure.
This disclosure provides transparency regarding J.P. Morgan SE's position in Hipgnosis Songs Fund Limited and its related dealings, in compliance with the regulatory requirements of the Takeover Code. It offers insights into the trader's interests, short positions, and recent transactions involving the ordinary securities of Hipgnosis Songs Fund Limited.