BNP Paribas SA has disclosed its position in Hipgnosis Songs Fund Limited, revealing ownership and control of 5.24% of the ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, also includes details of cash-settled derivatives and stock-settled derivatives. The disclosure further outlines the recent dealings in relevant securities, including purchases and sales of the ordinary shares at specific prices per unit.
The disclosure by BNP Paribas SA provides a comprehensive overview of its interests and short positions in Hipgnosis Songs Fund Limited. It includes details of the number and percentage of relevant securities owned and controlled, as well as cash-settled derivatives and stock-settled derivatives. The disclosure also encompasses recent dealings in the relevant securities, such as purchases and sales of ordinary shares, along with the corresponding prices per unit.
This disclosure is in compliance with Rule 8.3 of the Takeover Code, which requires the public disclosure of positions and dealings by a person with interests in relevant securities representing 1% or more. The information provided by BNP Paribas SA offers transparency regarding its holdings and transactions related to Hipgnosis Songs Fund Limited, contributing to a clearer understanding of the ownership and control of relevant securities in the company.
The detailed breakdown of BNP Paribas SA's interests, short positions, and recent dealings in Hipgnosis Songs Fund Limited's relevant securities serves to inform stakeholders and the market about the significant ownership and control of the ordinary shares. This disclosure aids in promoting transparency and understanding of the ownership structure and activities related to Hipgnosis Songs Fund Limited, as mandated by regulatory requirements.
In conclusion, BNP Paribas SA's disclosure under Rule 8.3 of the Takeover Code provides valuable insights into its ownership, control, and recent dealings in Hipgnosis Songs Fund Limited's relevant securities. The comprehensive nature of the disclosure enhances transparency and understanding of the company's ownership structure and activities, thereby contributing to informed decision-making for stakeholders and the market.