BNP Paribas SA has disclosed its ownership and control of 4.77% of the ordinary shares of Hipgnosis Songs Fund Limited. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, also includes details of short positions held. As of the latest practicable date prior to the disclosure, BNP Paribas SA held 57,734,446 relevant securities and had short positions amounting to -9,047,971. The disclosure also includes details of recent dealings, including purchases and sales of the relevant securities.
The disclosure further reveals that BNP Paribas SA made purchases of 4,885 and 12,489 securities at prices of 1.0138 GBP and 1.0120 GBP per unit, respectively. Additionally, the disclosure includes details of cash-settled derivative transactions, where BNP Paribas SA increased its short position by -10,039 and -2,450 securities at a price of 1.0120 GBP per unit.
Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, and no supplemental Form 8 (Open Positions) is attached to the disclosure. The date of disclosure is 09/07/2024, and the contact name provided is Compliance Control Room with a telephone number of 0207 595 9695.
This disclosure provides transparency regarding BNP Paribas SA's significant interest and short positions in Hipgnosis Songs Fund Limited, offering valuable information to the market and stakeholders.