Sand Grove Capital Management LLP, serving as the Investment Manager or Discretionary Sub-Advisor for certain funds, has disclosed a 5.04% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, includes the ownership and control of relevant securities, as well as dealings in the company's ordinary shares. Sand Grove Capital Management LLP has purchased a significant number of ordinary shares in recent transactions, totaling over 9 million shares. Additionally, the disclosure includes details of cash-settled derivative transactions and an increase in a long position through a CFD. The disclosure also confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.