BNP Paribas SA has disclosed its position in Hipgnosis Songs Fund Limited's relevant securities, representing 5.24% of the ordinary shares. The disclosure includes interests, short positions, and dealings undertaken. BNP Paribas SA holds 63,398,553 relevant securities and has cash-settled derivatives with a total of -8,770,459 short positions. The dealings include purchases and sales of the relevant securities, with specific details on the number of securities and price per unit.
Additionally, BNP Paribas SA has engaged in cash-settled derivative transactions, including increasing short positions in the relevant securities. The disclosure provides a breakdown of the transactions, including the nature of dealing and price per unit. The report also includes details of stock-settled derivative transactions and other dealings, such as subscribing for new securities.
The disclosure further outlines information on indemnity and other dealing arrangements, specifying any agreements, arrangements, or understandings related to relevant securities. It also addresses the voting rights of relevant securities under any option and any agreements between the disclosing party and others regarding the voting rights or future acquisition or disposal of relevant securities referenced by derivatives.
This disclosure by BNP Paribas SA provides transparency regarding its position and dealings in Hipgnosis Songs Fund Limited's relevant securities, in compliance with Rule 8.3 of the Takeover Code.