Fort Baker Capital Management LP has disclosed a 1.59% interest in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Fort Baker Capital Management LP holds 19,263,936 cash-settled derivatives in the ordinary shares of Hipgnosis Songs Fund Limited. The disclosure was made on 3 June 2024.
The disclosure also includes details of the interests and short positions in the relevant securities of Hipgnosis Songs Fund Limited. It specifies that there are no stock-settled derivatives or agreements to purchase/sell relevant securities. Additionally, it states that there are no indemnity and other dealing arrangements or agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides a comprehensive overview of Fort Baker Capital Management LP's position in Hipgnosis Songs Fund Limited, including the nature of the holdings and the date of the disclosure. It also outlines the absence of any other party to the offer making disclosures in respect of any other party to the offer.
The disclosure is in compliance with the regulatory requirements of the Code and provides transparency regarding Fort Baker Capital Management LP's interests and dealings in Hipgnosis Songs Fund Limited. It offers valuable insights into the ownership and control of relevant securities, contributing to a clear understanding of the company's position in the market.