Concord Chorus Limited, with Alchemy Copyrights, LLC as the indirect owner, has disclosed its ownership of Hipgnosis Songs Fund Limited. The disclosure, made under the Takeover Code, reveals that Concord Chorus Limited owns 58,117,192 ordinary shares, representing 4.8% of the total shares. The dealings were undertaken on 24th April 2024, with a purchase of 57,725,227 ordinary shares at $1.25 per unit.
The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, there are no open stock-settled derivative positions, securities borrowing and lending positions, or financial collateral arrangements disclosed.
This public dealing disclosure provides transparency regarding the ownership and dealings of Concord Chorus Limited, shedding light on its significant stake in Hipgnosis Songs Fund Limited. It offers valuable insights for investors and market analysts, allowing them to make informed decisions based on the disclosed information.