Decagon Asset Management LLP has disclosed a 1.4037% stake in Hipgnosis Songs Fund Limited, as of 21/06/2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes 16,973,652 cash-settled derivatives. Additionally, the disclosure indicates an increase in a long position through a cash-settled derivative transaction involving 1,000,000 1p Ordinary securities at a price of 1.305 USD per unit.
The disclosure does not include any indemnity or option 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 Liam Bennett, reachable at +44 203 148 2243.
This disclosure provides insight into Decagon Asset Management LLP's significant stake in Hipgnosis Songs Fund Limited and their recent dealings with the company's securities. It offers transparency in line with regulatory requirements and contributes to the understanding of the company's ownership structure and market activities.