Sand Grove Capital Management LLP has disclosed a 5.62% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Sand Grove Capital Management LLP owns 64,154,669 ordinary shares, representing 5.30% of the total, and holds cash-settled derivatives amounting to 3,842,459 shares, or 0.32%. The disclosure also includes details of dealings, such as reducing a long position through a cash-settled derivative transaction. Additionally, the disclosure states that there are no indemnity or other dealing arrangements in place.