The Bank of Nova Scotia has disclosed a position in Hipgnosis Songs Fund Limited, representing 0.92% of the ordinary shares. The disclosure, made on 13th June 2024, reveals that the Bank of Nova Scotia owns and/or controls 11,176,994 relevant securities and holds cash-settled derivatives of 11,173,944 relevant securities. Additionally, the bank has engaged in transactions involving the sale of 8,090,088 ordinary shares at a price of 1.02 GBP per unit and reducing a short position through a total return swap.
The disclosure also includes information on the absence of indemnity or other dealing arrangements and agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure provides insight into the Bank of Nova Scotia's significant position in Hipgnosis Songs Fund Limited and its recent dealings with the company's securities. It offers transparency regarding the bank's ownership and derivative positions, contributing to a better understanding of the market dynamics and the bank's investment activities.