Newton Investment Management Limited has disclosed a 1.74% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Newton Investment Management Limited owns and/or controls 21,063,557 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure was made on 16 July 2024, with the latest practicable date prior to the disclosure being 15 July 2024.
Additionally, Newton Investment Management Limited has undertaken dealings related to the relevant securities of Hipgnosis Songs Fund Limited. This includes the purchase of 4,710 ordinary shares at a price of GBP 1.004 per unit.
The disclosure also includes information about the absence of indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form is attached to the disclosure.
This disclosure provides valuable information about the ownership and dealings of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited, offering insights into the company's shareholder landscape and recent transactions.