Bank of Montreal has disclosed a 1.44% stake in Hipgnosis Songs Fund Limited. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. As of the latest practicable date prior to the disclosure, Bank of Montreal owned and/or controlled 17,481,442 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure revealed that there were no cash-settled derivatives or stock-settled derivatives held by Bank of Montreal in relation to the relevant securities of Hipgnosis Songs Fund Limited.
The disclosure also included details of a sale transaction, where Bank of Montreal sold 1,926,326 ordinary shares of Hipgnosis Songs Fund Limited. Furthermore, the disclosure stated that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between Bank of Montreal and any other party in relation to the relevant securities of Hipgnosis Songs Fund Limited.
The disclosure was made on 23rd April 2024 and was accompanied by the contact name and telephone number of Andrew Manchester from Bank of Montreal. It was also noted that no Supplemental Form 8 (Open Positions) was attached to the disclosure. This public disclosure is in compliance with the Code's disclosure requirements and provides transparency regarding Bank of Montreal's stake and dealings in Hipgnosis Songs Fund Limited.