Asset Value Investors Ltd has disclosed a 7.45% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Asset Value Investors Ltd owns and/or controls 90,141,594 1p Ordinary Shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes the sale of 1,430,607 1p Ordinary Shares at a price of 106.20p per unit. The disclosure also confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure. The date of disclosure is 29/04/2024.
This disclosure provides valuable information about Asset Value Investors Ltd's significant stake in Hipgnosis Songs Fund Limited, shedding light on their position and dealings with the company's securities. It offers insights into the ownership and control of 1p Ordinary Shares, as well as the recent sale of a substantial number of shares at a specific price per unit. The absence of indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives indicates a straightforward and transparent disclosure. This information is crucial for investors and market analysts to understand the current ownership structure and recent activities related to Hipgnosis Songs Fund Limited's securities.