Alpine Associates Management Inc. has disclosed a 1.43% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Alpine Associates Management Inc. holds 17,252,523 ordinary shares in Hipgnosis Songs Fund Limited. The disclosure also includes details of cash-settled derivative transactions, with the purchase of 800,000 securities at a price of 1.2590 USD per unit and 752,523 securities at a price of 1.2570 USD per unit.
The disclosure further states that there are no indemnity or other dealing arrangements, and no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no Supplemental Form 8 (Open Positions) is attached to the disclosure. The date of disclosure is April 24th, 2024, and the contact name provided is Todd Mason with a telephone number of 1-561-834-6550.
This disclosure provides insight into Alpine Associates Management Inc.'s significant stake in Hipgnosis Songs Fund Limited and its recent dealings in the company's securities, offering transparency to the market and stakeholders.