MELQART ASSET MANAGEMENT (UK) LTD has disclosed a 1.35% interest in Hipgnosis Songs Fund Ltd, representing 16,294,324 ordinary shares. The disclosure was made on May 8, 2024. The disclosure also includes cash-settled derivative transactions, with the purchase of 336,633 securities at 1.05 GBP per unit, as well as an increase in long positions for 1,273,915 and 244,844 securities at the same price per unit.
The disclosure does not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure is in compliance with Rule 8.3 of the Takeover Code, which requires the disclosure of any person with interests in relevant securities representing 1% or more. It provides transparency about the ownership and control of securities, ensuring that all interests and short positions are disclosed.
The information presented in the disclosure is crucial for investors and the market as it provides insight into the ownership and trading activities of significant shareholders, which can impact the company's stock price and overall market sentiment. It also helps in maintaining market integrity and fairness by preventing insider trading and market manipulation.