J.P. Morgan Securities Plc, acting as the exempt principal trader, disclosed dealings related to Hipgnosis Songs Fund Limited. The dealings, undertaken on 10 May 2024, included purchases and sales of ordinary securities, with 26,911 securities purchased and 43,800 securities sold at a price of 1.0200 GBP per unit. Additionally, there were cash-settled derivative transactions, specifically an increase in long position with 17,000 reference securities at a price of 1.0199 GBP per unit.
The disclosure also confirmed that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made in accordance with Rule 8 of the Takeover Code and was publicly disclosed on 13 May 2024.
For further details or consultation regarding the Code's dealing disclosure requirements, the Panel's Market Surveillance Unit can be contacted at +44 (0)20 7638 0129.