JP Morgan Securities Plc, acting as an exempt principal trader, disclosed its dealings in Hipgnosis Songs Fund Limited's relevant securities on 19th April 2024. The transactions included purchases and sales of ordinary shares, with a total of 1,363,693 purchased and 1,533,942 sold at prices ranging from 0.9152 GBP to 0.9190 GBP per unit. Additionally, the disclosure outlined cash-settled derivative transactions, including a decrease in long and short positions for a significant number of reference securities.
The disclosure also confirmed that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between JP Morgan Securities Plc and any other party to the offer or any person acting in concert with a party to the offer.
This public disclosure was made in accordance with Rule 8 of the Takeover Code and was submitted to a Regulatory Information Service on 22nd April 2024. For any queries related to the Code's dealing disclosure requirements, the Panel's Market Surveillance Unit is available for consultation.
This disclosure provides insight into the recent trading activities and positions taken by JP Morgan Securities Plc in relation to Hipgnosis Songs Fund Limited, offering transparency to the market and stakeholders.