Form 8.3 - Hipgnosis Songs Fund Limited
RNS Number : 3839L
Jefferies International Limited.
19 April 2024
 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

Jefferies International Limited

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.

 

 

 

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

 

Hipgnosis Songs Fund Limited

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

 

 

(e) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

18th April 2024

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

 

N/A

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 

 

Class of relevant security:

 

10p ordinary

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

20,884,896

1.727

 

 

(2) Cash-settled derivatives:

 

13,204,725

1.092

34,432,054

2.847

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

 

 

 

 

 

     TOTAL:

34,089,621

2.819

34,432,054

2.847

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:

 

Details, including nature of the rights concerned and relevant percentages:

 

 

 

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

Class of relevant security

Purchase/sale

 

Number of securities

Price per unit (GBX)

10p ordinary

Purchase

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Sales

 

Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Sales

32,200

4,175

882,972

297,182

986

5,339,634

359,941

2,290,792

22,025,016

1,000,000

5,762,483

224,931

502,964

1,399,667

132,867

364,636

637,253

164,812

263,490

216,058

218,078

2,061,085

108,179

3,933

43,500

35,413

7,735

500,000

879,062

2,517,026

88,999

25,074

192,796

847,855

500,000

120,000

13,669

314,391

256,740

92,698

19,075

2,293,022

108,680

5,547

99,938

345,865

490,317

49,000

3,627,449

55,092

479,613

22,900

7,000

193,411

26,600

200,000

169,395

207,114

1,000,000

1,123,780

710,044

506,616

7,941,396

40,000

7,783,331

1,076,800

336,500

 

79,646,777

 

85,000

12,759,386

2,031,203

3,000,000

500,000

7,000,000

2,000,000

7,085,000

11,500,000

3,900

5,966,276

3,000,000

1,458,837

1,852,043

4,000,000

85,000

5,209

581,369

60,570

790,053

11,388

2,270,912

16,624,268

1,646,332

1,639,661

420,554

1,276,900

1,560,419

270,838

 

89,485,118

91.3500

91.3600

91.4000

91.4250

91.4300

91.4403

91.4500

91.4626

91.5000

91.5028

91.5100

91.5500

91.5533

91.5533

91.5533

91.5533

91.5533

91.5533

91.5533

91.5533

91.5533

91.5533

91.5533

91.5540

91.5540

91.5540

91.5540

91.5625

91.6000

91.6000

91.6297

91.6500

91.6590

91.7000

91.7000

91.7100

91.7100

91.7112

91.7500

91.7814

91.7833

91.8000

91.8100

91.8200

91.8255

91.8500

91.8583

91.8986

91.9000

91.9500

92.0000

92.0496

92.0500

92.0540

92.0798

92.1000

92.2000

92.3000

92.4600

92.5000

92.5500

92.5860

92.6000

92.6260

92.6500

92.6620

92.7213

 

 

 

91.4731

91.5000

91.5500

91.5503

91.5625

91.5641

91.5686

91.5732

91.5915

91.5960

91.6000

91.6275

91.6500

91.7000

91.7124

91.7734

91.7919

91.8000

91.8500

91.9000

91.9500

92.0000

92.3525

92.4171

92.5000

92.5500

92.6000

92.6500

92.7000

 

(b)        Cash-settled derivative transactions

 

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(GBX)

10p ordinary

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Opening a short position

Opening a short position

Opening a short position

Opening a short position

Opening a short position

Opening a short position

Opening a short position

Opening a short position

Opening a short position

Opening a short position

closing a short position

closing a short position

closing a short position

closing a short position

closing a short position

closing a short position

1,076,800

336,500

100,000

50,000

3,284,400

200,000

9,000

2,200,000

141,000

215,600

1,381,425

225,000

193,575

75,000

75,000

64,529

91.1550

91.1558

91.5100

91.5100

91.5800

91.6100

91.8100

91.8500

91.9100

91.9200

91.3170

91.3170

91.3170

91.3170

91.3170

91.3170

 

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit









 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

 

 

 

 

 

 

(d)        Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

 

 

 

 

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i)  the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

NO

 

 

Date of disclosure:

19th April 2024

Contact name:

Robin Greenwood

Telephone number

020 7029 8595

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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