BNP Paribas SA has disclosed a 1.61% interest in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that BNP Paribas SA owns and/or controls 19,440,854 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes cash-settled derivatives and stock-settled derivatives, with the total interest and short positions amounting to 1.61% and -0.12% respectively.
The disclosure also details recent dealings by BNP Paribas SA in Hipgnosis Songs Fund Limited's securities. This includes the purchase of 1,000,000 securities at 1.0140 GBP per unit and the sale of 745 securities at 1.0130 GBP per unit. Furthermore, the disclosure indicates cash-settled derivative transactions but does not include stock-settled derivative transactions or other dealings.
The disclosure also confirms that there are no indemnity or other dealing arrangements in place. Additionally, no supplemental Form 8 (Open Positions) is attached to the disclosure. The date of disclosure is 25/04/2024, and the contact name provided is Compliance Control Room with a telephone number of 0207 595 9695.
This disclosure by BNP Paribas SA provides transparency regarding its significant interest in Hipgnosis Songs Fund Limited and its recent dealings in the company's securities. It offers valuable information for investors and market participants to consider when assessing the current state of ownership and trading activities related to Hipgnosis Songs Fund Limited.