J.P. Morgan Securities Plc, as the exempt principal trader, has disclosed its public dealing activities in relation to Hipgnosis Songs Fund Limited. The dealings, undertaken on 25 April 2024, include purchases and sales of ordinary securities, as well as cash-settled derivative transactions. The purchases and sales of ordinary securities amounted to 7,021,994 and 7,198,847, respectively, at prices ranging from 1.0250 GBP to 1.0360 GBP per unit.

Additionally, the cash-settled derivative transactions involved various activities such as opening and closing long/short positions, with prices per unit ranging from 1.0270 GBP to 1.2882 GBP. The disclosure also indicates stock-settled derivative transactions and other dealings, providing a comprehensive overview of the trading activities conducted by J.P. Morgan Securities Plc.

The disclosure further states that there are 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 any person acting in concert with a party to the offer.

This disclosure provides transparency regarding the trading activities of J.P. Morgan Securities Plc in relation to Hipgnosis Songs Fund Limited, in compliance with Rule 8.5 of the Takeover Code. The information presented offers insights into the recent trading activities and transactions involving the relevant securities of Hipgnosis Songs Fund Limited, contributing to a better understanding of the market dynamics and the involvement of key market players.