JP Morgan Securities Plc, as the exempt principal trader, disclosed public dealings related to Hipgnosis Songs Fund Limited in accordance with Rule 8.5 of the Takeover Code. The dealings, undertaken on 30th April 2024, involved purchases and sales of ordinary securities, with a total number of 8,770,867 and 5,340,376 securities respectively. The highest and lowest prices per unit paid/received for the securities were 1.0460 GBP and 1.0360 GBP for purchases, and 1.0440 GBP and 1.0367 GBP for sales.
Additionally, the disclosure included cash-settled derivative transactions, such as equity swaps, with details of increasing and opening short positions for a specific number of reference securities at different prices per unit. The disclosure also mentioned stock-settled derivative transactions and other dealings, providing comprehensive information about the nature of the dealings and the relevant securities involved.
The disclosure further stated that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 1st May 2024, and the contact person for the disclosure was Natasha Mondon, with a provided telephone number for further inquiries.
This public dealing disclosure by JP Morgan Securities Plc provides transparent information about the transactions related to Hipgnosis Songs Fund Limited, ensuring compliance with the regulatory requirements and transparency in the financial market.