Alpine Associates Management Inc. has disclosed a 2.78% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Alpine Associates Management Inc. holds 33,650,000 ordinary shares in Hipgnosis Songs Fund Limited as of May 7th, 2024. Additionally, the disclosure includes details of cash-settled derivatives, with 2,000,000 securities purchased at a price of 1.3109 USD per unit.

The disclosure also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form for open positions is attached to the disclosure.

This disclosure provides insight into the significant stake held by Alpine Associates Management Inc. in Hipgnosis Songs Fund Limited, shedding light on the investment activities and positions of the disclosing entity. It offers transparency and clarity regarding the ownership and dealing of relevant securities, in compliance with the regulatory requirements of the Takeover Code.