BlackRock, Inc. has disclosed its ownership of 2.76% of the ordinary shares of Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that BlackRock, Inc. owns 33,417,911 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure shows that BlackRock, Inc. holds cash-settled derivatives amounting to 0.36% of the total shares, representing 4,455,997 shares.
The disclosure also includes details of recent dealings by BlackRock, Inc., including the purchase of 476,458 ordinary shares at a price of GBP 1.0200 per unit through cash-settled derivative transactions. Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between BlackRock, Inc. and any other party.
This disclosure provides transparency regarding BlackRock, Inc.'s significant ownership in Hipgnosis Songs Fund Limited and its recent dealings in the company's securities. It offers valuable information for investors and market participants to understand the ownership and trading activities of a major institutional investor in Hipgnosis Songs Fund Limited.