The Vanguard Group, Inc. has disclosed a 1.28% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that The Vanguard Group, Inc. owns and/or controls 15,522,240 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure also includes details of a purchase of 4,099 ordinary shares at a price of 1.02 GBP per unit.
The disclosure further indicates that The Vanguard Group, Inc. has not entered into any indemnity or option arrangements, agreements, or understandings relating to relevant securities. Additionally, no supplemental form 8 (open positions) is attached to the disclosure.
This announcement provides transparency about The Vanguard Group, Inc.'s significant stake in Hipgnosis Songs Fund Limited, offering valuable insights into the company's ownership and control of relevant securities. It also demonstrates compliance with the disclosure requirements of the Takeover Code.