JP Morgan Securities Plc, acting as the exempt principal trader, disclosed its dealings in Hipgnosis Songs Fund Limited's relevant securities on 30th April 2024. The transactions included purchases and sales of ordinary shares, with a total of 12,791,582 securities purchased and 5,340,376 securities sold. The highest price per unit paid for the shares was 1.0460 GBP, and the lowest price per unit received was 1.0360 GBP.
Additionally, the disclosure included cash-settled derivative transactions, specifically an increase in short positions through equity swaps. This involved 1,039,132 reference securities with a price per unit ranging from 1.3008 GBP to 1.3032 GBP. No stock-settled derivative transactions or other dealings, such as subscribing for new securities, were reported.
The disclosure also confirmed that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other party to the offer or person acting in concert with a party to the offer.
This public dealing disclosure by JP Morgan Securities Plc provides transparency regarding its transactions in Hipgnosis Songs Fund Limited's relevant securities, in compliance with Rule 8.5 of the Takeover Code. The disclosure aims to ensure that all relevant information is available to the public and regulatory authorities.