Bain Capital Partnership Strategies Management, LLC has disclosed a 1.95% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Bain Capital Partnership Strategies Management, LLC owns and/or controls 23,541,032 ordinary shares of Hipgnosis Songs Fund Limited as of May 28, 2024. The disclosure also includes details of a sale of 1 ordinary share at a price of GBP 1.0120.
The disclosure does not include any cash-settled derivatives, stock-settled derivatives, or other dealings. Additionally, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in relation to Hipgnosis Songs Fund Limited.
This disclosure provides transparency about Bain Capital Partnership Strategies Management, LLC's significant stake in Hipgnosis Songs Fund Limited, offering insights into the ownership and control of relevant securities. It also aligns with regulatory requirements for public disclosures under Rule 8 of the Code, ensuring transparency and compliance with disclosure requirements.