BlackRock, Inc. has disclosed its ownership of 2.99% of the ordinary shares of Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of the interests and short positions held by BlackRock, Inc. as of 2nd May 2024. The disclosure indicates that BlackRock, Inc. owns 36,240,312 ordinary shares and has a short position of 1,852,732 shares through cash-settled derivatives, representing 0.15% of the total shares.
The disclosure also includes information about any dealings by BlackRock, Inc. in the relevant securities of Hipgnosis Songs Fund Limited. It shows that BlackRock, Inc. has engaged in increasing its short position by 157,650 securities through cash-settled derivative transactions at a price of GBP 1.0541 per unit.
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 to the offer or any person acting in concert with a party to the offer.
The disclosure was made on 3rd May 2024 and was submitted by Jana Blumenstein from BlackRock, Inc. The information provided in the disclosure is in compliance with the regulatory requirements of the Takeover Code.
For further details, the full disclosure can be accessed through the Regulatory Information Service and the Panel's Market Surveillance Unit is available for consultation regarding the Code's disclosure requirements.