Legal & General Investment Management (Holdings) Ltd. has disclosed its ownership of 1% of the relevant securities of Hipgnosis Songs Fund Limited. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, indicates that Legal And General Investment Management (Holdings) Ltd. owns and/or controls 12,135,676 relevant securities of Hipgnosis Songs Fund Limited. The disclosure was made on 18 April 2024.
The disclosure also confirms that Legal And General Investment Management (Holdings) Ltd. is not making disclosures in respect of any other party to the offer. Additionally, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the discloser and any other person.
This disclosure provides transparency about Legal & General Investment Management (Holdings) Ltd.'s significant ownership in Hipgnosis Songs Fund Limited, offering valuable information to the market and stakeholders. It also aligns with regulatory requirements and ensures compliance with the Code's disclosure obligations.
The disclosure is an important piece of information for investors, analysts, and other stakeholders interested in Hipgnosis Songs Fund Limited, as it sheds light on the ownership and control of relevant securities by a significant institutional investor.