Kryger Capital Limited has disclosed a 6.10% stake in HIPGNOSIS SONGS FUND LTD. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Kryger Capital Limited owns and/or controls 73,783,338 ordinary shares of HIPGNOSIS SONGS FUND LTD. The disclosure was made on 11th June 2024, with the latest practicable date prior to the disclosure being 10th June 2024.
In addition to the ordinary shares, Kryger Capital Limited also revealed that it had purchased 908,968 ordinary shares at a price of 129.1996 GBP per unit. The disclosure did not include any cash-settled derivative transactions or stock-settled derivative transactions.
The disclosure did not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form was attached to the disclosure.
This disclosure provides insight into Kryger Capital Limited's significant stake in HIPGNOSIS SONGS FUND LTD, indicating its confidence in the company's potential and its strategic investment decisions.