Kite Lake Capital Management (UK) LLP has disclosed its position in Hipgnosis Songs Fund Limited's relevant securities. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, reveals that Kite Lake Capital Management (UK) LLP, as the investment manager of certain funds, holds 3.10% of the ordinary shares in Hipgnosis Songs Fund Limited through cash-settled derivatives. The disclosure was made on 22 May 2024, and it includes details of the interests and short positions held by the investment manager.

In addition to the ordinary shares, Kite Lake Capital Management (UK) LLP also reported an increase in a long position through a cash-settled derivative transaction involving 6,850,000 ordinary shares at a price of £1.0125 per unit. The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the disclosing party and any other person.

The disclosure provides a comprehensive overview of Kite Lake Capital Management (UK) LLP's holdings and dealings in Hipgnosis Songs Fund Limited's relevant securities, offering transparency and insight into the investment manager's position in the company. This information is crucial for stakeholders and investors seeking to understand the dynamics of relevant securities and the involvement of significant entities like Kite Lake Capital Management (UK) LLP in Hipgnosis Songs Fund Limited.