The Bank of Nova Scotia has disclosed a 1% ownership in Hipgnosis Songs Fund Limited, as of July 9, 2024. The disclosure includes 12,105,284 ordinary shares owned and/or controlled, as well as 12,102,234 cash-settled derivatives, representing 1% of the total. Additionally, the Bank of Nova Scotia has conducted transactions involving the sale of 3,108,235 ordinary shares at a price of 1.02 GBP per unit. The disclosure also indicates reducing a short position through a total return swap involving the same number of reference securities and price per unit.
The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached to the disclosure. The contact person for this disclosure is Jerone Grey, with a provided telephone number for further inquiries.
This disclosure is in compliance with Rule 8.3 of the Takeover Code and has been made to a Regulatory Information Service, as required. For any further consultation regarding the Code's disclosure requirements, the Panel's Market Surveillance Unit is available for assistance.