BNP Paribas SA has disclosed its position in Hipgnosis Songs Fund Limited, revealing ownership and control of 5.24% of the ordinary shares. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, also includes details of cash-settled derivatives and stock-settled derivatives. The disclosure indicates a sale of 1,047 and 1,098 securities at 1.0280 GBP per unit, as well as a purchase of 2,120 securities at 1.0243 GBP per unit.
The disclosure further outlines the interests and short positions in the relevant securities, with BNP Paribas SA holding 63,413,309 securities representing 5.24% and short positions amounting to -8,783,215 securities, which is -0.73%. The disclosure also includes details of cash-settled derivatives and stock-settled derivatives, along with the nature of the dealings, such as opening or closing a position and increasing or reducing a position.
Additionally, the disclosure provides information on indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. It also confirms that no supplemental Form 8 (Open Positions) is attached to the disclosure.
The disclosure was made on 19th June 2024 and is in compliance with the Code's disclosure requirements. For any further consultation regarding the disclosure requirements, the Panel's Market Surveillance Unit is available for assistance.