The Vanguard Group, Inc. has disclosed a 1.31% stake in Hipgnosis Songs Fund Limited. As of 11th July 2024, The Vanguard Group, Inc. owned and/or controlled 15,887,239 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, they purchased 62,114 ordinary shares at a price of 1.01 GBP per unit. The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form 8 (open positions) is attached to the disclosure.
This disclosure is in accordance with Rule 8.3 of the Takeover Code, which requires public disclosure of a person's interests in relevant securities representing 1% or more. The Vanguard Group, Inc. has made this disclosure as a person with interests in relevant securities representing 1% or more in Hipgnosis Songs Fund Limited. The disclosure provides transparency about the ownership and control of securities in the company.
The Vanguard Group, Inc.'s disclosure provides valuable information to the market and investors about the significant stake it holds in Hipgnosis Songs Fund Limited. This transparency is essential for maintaining market integrity and allowing investors to make informed decisions. The disclosed stake and the purchase of additional shares indicate The Vanguard Group, Inc.'s continued interest in Hipgnosis Songs Fund Limited and its confidence in the company's future prospects.