BlackRock, Inc. has disclosed a 2.42% interest in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that BlackRock, Inc. owns and/or controls 29,360,931 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure also includes details of a sale of 1,017,675 ordinary shares at a price of GBP 1.0140 per unit on 3rd June 2024.
The disclosure further states that BlackRock, Inc. does not have any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives with any party to the offer or any person acting in concert with a party to the offer. Additionally, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure provides transparency about BlackRock, Inc.'s significant interest in Hipgnosis Songs Fund Limited and its recent dealings with the company's ordinary shares. It is in compliance with the regulatory requirements of the Takeover Code and aims to ensure transparency and fairness in the market.