Sand Grove Capital Management LLP has notified a major holdings acquisition in Hipgnosis Songs Fund Limited. The notification, dated 26th April 2024, reveals that Sand Grove Capital Management LLP now holds 4.64% of voting rights attached to shares and 0.4% of voting rights through financial instruments, totaling 5.04% of voting rights. This is based on a total of 60,887,843 voting rights held in the issuer.
The breakdown of the holdings includes 56,137,967 direct voting rights, accounting for 4.64% of the total, and 4,749,876 voting rights through equity CFD, representing 0.4% of the total. The notification also states that Sand Grove Capital Management LLP is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in the issuer.
The completion date for this notification was 26th April 2024. This TR-1 notification provides transparency about the significant increase in voting rights held by Sand Grove Capital Management LLP in Hipgnosis Songs Fund Limited, offering valuable insights into the company's ownership structure and potential influence.