Singer Capital Markets Securities Ltd, an exempt principal trader, disclosed dealings in HIPGNOSIS SONGS FUND LTD's relevant securities on 19th April 2024. The transactions included sales of 915,102 securities at a price range of 91.5p to 91.9p per unit and purchases of 666,079 securities at a price range of 91.418p to 91.8p per unit. The disclosure also confirmed no cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, such as subscribing for new securities.
The disclosure further stated that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other person. The disclosure was made in accordance with Rule 8 of the Takeover Code and was reported on 22nd April 2024.
For further details or public disclosures under Rule 8 of the Code, individuals were directed to make disclosures to a Regulatory Information Service. Additionally, the Panel's Market Surveillance Unit was made available for consultation regarding the Code's dealing disclosure requirements.
This disclosure provides insight into the recent dealings in HIPGNOSIS SONGS FUND LTD's relevant securities by Singer Capital Markets Securities Ltd, offering transparency and compliance with the Takeover Code's regulations.