J.P. Morgan Securities Plc has disclosed its public dealing activities in relation to Hipgnosis Songs Fund Limited. The dealings, which took place on 25 April 2024, involved purchases and sales of a total of 9,021,994 and 9,442,686 ordinary shares, respectively. The highest price per unit paid for the shares was 1.0387 GBP, while the lowest price per unit received was 1.0240 GBP.
Additionally, the disclosure includes cash-settled derivative transactions, such as equity swaps, with details of opening and closing long/short positions and the corresponding number of reference securities and price per unit. The disclosure also covers stock-settled derivative transactions and other dealings, providing comprehensive information on the nature and details of each transaction.
The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader making the disclosure and any other person.
This disclosure provides transparency and insight into the trading activities of J.P. Morgan Securities Plc in relation to Hipgnosis Songs Fund Limited, in compliance with the regulatory requirements.