Schroders PLC has disclosed a 3.559% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Schroders PLC owns and/or controls 43,031,459 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes details of a recent sale of 5,323 ordinary shares at a price of 1.021 GBP per unit.
The disclosure also indicates that there are no indemnity or option arrangements, agreements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure provides valuable insight into the ownership and dealing activities of Schroders PLC in relation to Hipgnosis Songs Fund Limited, offering transparency to the market and stakeholders.