Panmure Gordon (UK) Limited, an exempt principal trader, disclosed public dealing in Hipgnosis Songs Fund Limited's relevant securities on 18th June 2024. The disclosed dealings included the sale of 11,500 ordinary shares at a price range of 1.025 GBP per unit. The disclosure also confirmed that there were no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made in accordance with Rule 8 of the Takeover Code.
This public disclosure provides transparency about the trading activities of Panmure Gordon (UK) Limited in relation to Hipgnosis Songs Fund Limited's securities. It offers insight into the specific transactions, including the number of securities traded and the price range per unit. Additionally, the disclosure confirms the absence of any indemnity or other dealing arrangements, as well as agreements or understandings relating to options or derivatives, ensuring compliance with regulatory requirements.
The disclosure serves to inform stakeholders and the market about the trading activities of an exempt principal trader in connection with Hipgnosis Songs Fund Limited. It contributes to maintaining transparency and integrity in the securities market by providing relevant information about the dealings in the company's securities. This disclosure is essential for ensuring compliance with the Takeover Code and promoting fair and transparent trading practices within the market.