BlackRock, Inc. has disclosed a 2.44% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that BlackRock, Inc. owns and/or controls 29,505,437 ordinary shares of Hipgnosis Songs Fund Limited as of 25 July 2024. Additionally, the disclosure indicates that there have been purchases of 44,721 ordinary shares at a price of GBP 1.0127 per unit.
The disclosure also states that there are no cash-settled derivatives, stock-settled derivatives, or other dealings, such as subscribing for new securities, to report. Furthermore, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives to disclose.
This disclosure provides valuable information about BlackRock, Inc.'s significant stake in Hipgnosis Songs Fund Limited, shedding light on the ownership and control of ordinary shares and recent purchases. It offers insights into the investment activities of BlackRock, Inc. and its position in Hipgnosis Songs Fund Limited as of the specified date.