J.P. Morgan Markets Limited, as the Sole Financial Adviser to Concord Chorus Limited, has disclosed its position in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.5 of the Takeover Code, indicates that as of 10 May 2024, J.P. Morgan Markets Limited does not hold any interests or short positions in the ordinary class of relevant securities of Hipgnosis Songs Fund Limited. The disclosure also shows that there have been purchases and sales of 26,800 ordinary securities at a price of 1.0200 GBP per unit.
The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no Supplemental Form 8 (Open Positions) is attached to the disclosure.
This disclosure provides insight into the position of J.P. Morgan Markets Limited in relation to Hipgnosis Songs Fund Limited, offering transparency in their dealings and positions with the company. It also serves as a regulatory requirement under the Code, ensuring that relevant information is made available to the public and regulatory authorities.