BlackRock, Inc. has disclosed a 2.43% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that BlackRock, Inc. owns and/or controls 29,394,673 ordinary shares of Hipgnosis Songs Fund Limited as of 14 June 2024. The disclosure also includes details of a recent purchase of 33,742 ordinary shares at a price of GBP 1.0180 per unit.
The disclosure further indicates that BlackRock, Inc. does not hold any cash-settled derivatives or stock-settled derivatives related to Hipgnosis Songs Fund Limited. Additionally, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in connection with Hipgnosis Songs Fund Limited.
This disclosure provides valuable insight into BlackRock, Inc.'s significant stake in Hipgnosis Songs Fund Limited, offering transparency to the market and stakeholders about the ownership and dealing activities of a major shareholder in the company.