The news from HIPGNOSIS SONGS FUND LIMITED on 12th June 2024 pertains to a public opening position disclosure/dealing disclosure by BNP Paribas SA, a person with interests in relevant securities representing 1% or more. The disclosure includes key information such as the full name of the discloser, the name of the offeror/offeree (Hipgnosis Songs Fund Limited), and the date position held/dealing undertaken (10/06/2024).
The positions of the person making the disclosure are detailed, including interests and short positions in the relevant securities of Hipgnosis Songs Fund Limited following the dealing. This includes the number and percentage of relevant securities owned and/or controlled, as well as cash-settled derivatives and stock-settled derivatives. The disclosure also mentions the rights to subscribe for new securities.
Furthermore, the dealings by the person making the disclosure are outlined, including purchases and sales of relevant securities, as well as cash-settled derivative transactions and stock-settled derivative transactions (including options). The details of the transactions, such as the number of securities, price per unit, and nature of dealing, are provided for each class of relevant security dealt in.
The disclosure also includes other information, such as indemnity and other dealing arrangements. In this case, it is stated that there are no such agreements, arrangements, or understandings. Additionally, details of any agreement, arrangement, or understanding between the person making the disclosure and any other person relating to the voting rights of relevant securities or the future acquisition or disposal of any relevant securities to which any derivative is referenced are also mentioned.
In summary, the news provides a comprehensive disclosure of BNP Paribas SA's positions, interests, and dealings in relevant securities of Hipgnosis Songs Fund Limited, as required by the Code. The disclosure aims to provide transparency and information to the public and relevant authorities regarding the ownership and control of securities in the mentioned company.