Bank of Nova Scotia has disclosed a 1.59% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that the Bank of Nova Scotia owns 19,267,082 ordinary shares and has cash-settled derivatives of 19,264,032 shares. The bank also disclosed dealings, including the purchase of 8,090,088 ordinary shares at a price of 1.01 GBP per unit.

The disclosure also includes details of cash-settled derivative transactions, stock-settled derivative transactions, and other dealings. It further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.

This disclosure provides insight into the Bank of Nova Scotia's significant stake in Hipgnosis Songs Fund Limited and its recent dealings with the company's securities. It offers transparency regarding the bank's position and transactions, as required by the regulatory framework.