Almitas Capital LLC has disclosed a 0.57% interest in Hipgnosis Songs Fund Limited, as of May 2, 2024. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Almitas Capital LLC owns 120,211 ordinary shares and has cash-settled derivatives amounting to 6,837,469 shares. The disclosure also includes details of dealings, such as closing a long position in cash-settled derivative transactions. Additionally, the disclosure states that there are no indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure.
This disclosure provides insight into Almitas Capital LLC's ownership and control of interests in Hipgnosis Songs Fund Limited, offering transparency in line with regulatory requirements. It also sheds light on the nature of the holdings, including the number of shares and the percentage of interest held. The details of the cash-settled derivative transactions further contribute to a comprehensive understanding of Almitas Capital LLC's dealings related to Hipgnosis Songs Fund Limited.