The Vanguard Group, Inc. has disclosed a 1.26% stake in Hipgnosis Songs Fund Limited. As of June 3, 2024, The Vanguard Group, Inc. owned and/or controlled 15,235,850 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, they have made a purchase of 226,828 ordinary shares at a price of 1.01 GBP per unit. The disclosure was made in accordance with Rule 8.3 of the Takeover Code.
The disclosure also indicates that The Vanguard Group, Inc. has not engaged in any cash-settled derivative transactions or stock-settled derivative transactions related to Hipgnosis Songs Fund Limited. Furthermore, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in connection with this position.
This disclosure provides insight into The Vanguard Group, Inc.'s significant stake in Hipgnosis Songs Fund Limited, offering transparency to the market regarding their interests and positions in the company. It also demonstrates their recent purchase of additional ordinary shares, indicating continued confidence in their investment in Hipgnosis Songs Fund Limited.