Newton Investment Management Limited has disclosed a 3.82% stake in Hipgnosis Songs Fund Limited. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. As of May 9, 2024, Newton Investment Management Limited owned and/or controlled 46,216,821 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure revealed that the company had sold 1,771,781 ordinary shares at a price of GBP 1.025 per unit.
The disclosure did not include any indemnity or other dealing arrangements, and there were no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form was attached to the disclosure. The contact person for the disclosure is Andrew Weiser, with a provided telephone number.
This disclosure provides insight into the ownership and dealing activities of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited. It offers transparency and compliance with regulatory requirements, allowing stakeholders to stay informed about significant ownership positions and transactions in the company's securities.