Capula Investment Management LLP has disclosed a 1.02% stake in Hipgnosis Songs Fund Ltd. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of the interests and short positions in the relevant securities of Hipgnosis Songs Fund Ltd. Capula Investment Management LLP has revealed that it holds 12,405,000 cash-settled derivatives, representing 1.02% of the total relevant securities. The disclosure also includes details of dealings, such as the purchase of 3,105,000 securities through equity swap transactions at a price of 1.2909 USD per unit.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached to the disclosure. The disclosure was made on 23rd May 2024, and the contact person for the disclosure is Michelle Bedwin, with a provided telephone number of 020 7071 0900.
This disclosure provides insight into Capula Investment Management LLP's stake in Hipgnosis Songs Fund Ltd and its recent dealings with the company's securities, offering transparency in line with regulatory requirements.