Almitas Capital LLC has disclosed a 1.65% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Almitas Capital LLC owns 120,211 ordinary shares and controls 19,843,027 cash-settled derivatives, representing 1.64% of the total relevant securities. The disclosure also includes details of recent dealings, such as the purchase of 1,000,000 ordinary shares through a long sale and 250,000 ordinary shares through a cash equity long sale at 103p per unit.
The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form 8 (open positions) is attached to the disclosure. The date of disclosure is April 26, 2024, and the contact person for the disclosure is Timothy Deering, with a telephone number of 213-631-0225.
This disclosure provides transparency about Almitas Capital LLC's interests and short positions in Hipgnosis Songs Fund Limited, offering insights into their holdings and recent dealings with the company's securities. It also adheres to the regulatory requirements under Rule 8 of the Takeover Code, ensuring that relevant information is made available to the public and regulatory authorities.