Almitas Capital LLC has disclosed a 1.53% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Almitas Capital LLC owns 120,211 ordinary shares and controls 18,343,027 cash-settled derivatives, representing 1.52% of the total shareholding. The disclosure also includes details of derivative transactions, such as a long sale of 2,500,000 ordinary shares at 104p per unit.

The disclosure does not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached to the disclosure. The disclosure was made on 26th April 2024 and the contact person for the disclosure is Timothy Deering, with a provided telephone number.

This disclosure provides insight into Almitas Capital LLC's significant stake in Hipgnosis Songs Fund Limited and its related derivative transactions, offering transparency to the market and stakeholders.