Glazer Capital, LLC has disclosed a 2.83% stake in Hipgnosis Songs Fund Limited, as of May 8, 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes 34,167,011 derivatives, representing the mentioned percentage. Additionally, Glazer Capital, LLC has engaged in a derivatives transaction, specifically a total return swap, involving an increase in a long position of 2,000,000 reference securities at a price of 1.31 USD per unit.
The disclosure also indicates that there are no indemnity or dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure. The contact person for the disclosure is Ava Lederer, with a provided telephone number for further inquiries.
This disclosure is in line with the regulatory requirements and provides transparency regarding Glazer Capital, LLC's interests and dealings in relevant securities of Hipgnosis Songs Fund Limited. It offers valuable information for stakeholders and the market regarding the ownership and control of securities by Glazer Capital, LLC in relation to Hipgnosis Songs Fund Limited.