J.P. Morgan SE has made a public opening position disclosure/dealing disclosure in relation to Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.5 of the Takeover Code, includes key information such as the date of the position held/dealing undertaken, the interests and short positions in the relevant securities, and details of any dealings by the exempt principal trader.
As of the latest practicable date prior to the disclosure, J.P. Morgan SE did not own or control any relevant securities of Hipgnosis Songs Fund Limited. However, they did have a cash-settled derivative position of 118,916 securities, representing 0.01% of the total. The disclosure also includes details of purchases and sales of ordinary securities, with 25,217 securities both purchased and sold at varying prices.
The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between J.P. Morgan SE and any other party. Additionally, no supplemental form for open positions is attached to the disclosure.
The disclosure was made on 23 April 2024, and for any public disclosures under Rule 8 of the Code, it must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.
This disclosure provides insight into J.P. Morgan SE's position and dealings in relation to Hipgnosis Songs Fund Limited, offering transparency and compliance with the regulatory requirements of the Takeover Code.