BNP Paribas SA has disclosed its ownership and control of 4.77% of the relevant securities of Hipgnosis Songs Fund Limited. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, reveals that BNP Paribas SA holds 57,721,957 ordinary shares and has short positions amounting to -9,040,367 shares. The disclosure also includes details of recent dealings, such as purchases of 1,209, 193,741, and 85,394 securities at varying prices per unit.
Additionally, BNP Paribas SA has engaged in cash-settled derivative transactions, including opening short positions and increasing/reducing short positions, with a total of -4,168 references securities. The disclosure also outlines stock-settled derivative transactions and other dealings, such as subscribing for new securities. Notably, the disclosure states that there are no indemnity or option arrangements, agreements, or understandings related to relevant securities that may be an inducement to deal or refrain from dealing.
This disclosure provides transparency regarding BNP Paribas SA's significant interest and dealings in the relevant securities of Hipgnosis Songs Fund Limited, offering valuable insights for stakeholders and investors in the company.