The Bank of Nova Scotia has disclosed a 1.04% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that the Bank of Nova Scotia owns and/or controls 12,576,994 ordinary shares and holds cash-settled derivatives for the same number of shares. Additionally, the bank has engaged in a sale of 500,000 ordinary shares at a price of 1.01 GBP per unit.

The disclosure also includes details of cash-settled derivative transactions, where the bank has reduced a short position for 500,000 ordinary shares at a price of 1.01 GBP per unit. Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.

The Bank of Nova Scotia's disclosure provides valuable insight into its significant stake in Hipgnosis Songs Fund Limited, shedding light on its recent dealings and positions in the company's securities. This information is crucial for investors and market analysts to understand the bank's interests and activities in relation to Hipgnosis Songs Fund Limited.