Kite Lake Capital Management (UK) LLP has disclosed its position in Hipgnosis Songs Fund Limited, revealing ownership and control of 2.37% of ordinary shares and 0.72% through cash-settled derivatives, totaling 3.10%. The disclosure, dated 22 May 2024, also includes details of the purchase of 28,748,800 ordinary shares at $1.29 per unit. The disclosure further indicates the reduction of a long position in cash-settled derivative transactions.
The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached. The disclosure was made by Kite Lake Capital Management (UK) LLP on 23 May 2024, with Art Markham listed as the contact person.
This disclosure provides insight into Kite Lake Capital Management (UK) LLP's significant interest in Hipgnosis Songs Fund Limited and its recent dealings with the company's securities, offering transparency to the market and stakeholders.