The Bank of Nova Scotia has disclosed a 1.09% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of the bank's interests and short positions in the relevant securities of Hipgnosis Songs Fund Limited. The bank owns and/or controls 13,165,598 ordinary shares, representing 1.09% of the total shares. Additionally, the bank has cash-settled derivatives of 13,162,548 ordinary shares, also amounting to 1.09% of the total shares.

The disclosure also includes details of recent dealings by the Bank of Nova Scotia. It shows that the bank has purchased 9,157,572 ordinary shares at a price of 1.02 GBP per unit. Furthermore, the bank has engaged in cash-settled derivative transactions, specifically a total return swap, involving 9,157,572 ordinary shares at a price of 1.02 GBP per unit.

The disclosure concludes with information on indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. It also confirms that there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 16th May 2024 and was signed by Jerone Grey, with no supplemental form attached.

This disclosure provides valuable insight into the Bank of Nova Scotia's significant stake and recent dealings in Hipgnosis Songs Fund Limited, offering transparency to the market and stakeholders.