Threadneedle Asset Management Holdings Ltd, on behalf of affiliate companies, has disclosed a 1.37% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that the company owns and/or controls 16,514,007 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes the sale of 46,040 ordinary shares at a price of GBP 1.05 per unit on 1st May 2024.
The ultimate parent company of Threadneedle Asset Management Holdings Ltd and affiliated companies is Ameriprise Financial, Inc. The disclosure also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides insight into Threadneedle Asset Management Holdings Ltd's significant stake in Hipgnosis Songs Fund Limited and its recent sale of ordinary shares. It offers transparency in line with regulatory requirements and contributes to the understanding of the company's position in the market.