The Vanguard Group, Inc. has disclosed a 1.27% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that The Vanguard Group, Inc. owns and/or controls 15,408,221 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure also includes details of a purchase of 36,972 ordinary shares at a price of 1.02 GBP per unit on 7 June 2024.
The disclosure further indicates that The Vanguard Group, Inc. has not entered into 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. Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides transparency regarding The Vanguard Group, Inc.'s interests and dealings in Hipgnosis Songs Fund Limited, in compliance with the regulatory requirements. This information is crucial for investors and market participants to understand the ownership and trading activities of significant shareholders in Hipgnosis Songs Fund Limited.