Alpine Associates Management Inc. has disclosed a 3.36% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Alpine Associates Management Inc. holds 40,650,000 ordinary shares in Hipgnosis Songs Fund Limited as of May 10th, 2024. Additionally, the disclosure includes details of cash-settled derivatives, with 40,650,000 cash-settled derivatives representing 3.36% of the relevant securities.

The disclosure also outlines a purchase of 1,759,088 ordinary shares through a cash-settled derivative transaction at a price of 1.2783 USD per unit. Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.

The disclosure was made on May 13th, 2024, and no supplemental form 8 (open positions) was attached. The contact person for the disclosure is Todd Mason, with a telephone number of 1-561-834-6550. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.

This disclosure provides insight into Alpine Associates Management Inc.'s significant stake in Hipgnosis Songs Fund Limited and its recent purchase of ordinary shares through a cash-settled derivative transaction. It offers transparency regarding the ownership and control of relevant securities, in compliance with the regulatory requirements of the Takeover Code.