Newton Investment Management Limited has disclosed a 4.12% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Newton Investment Management Limited owns and/or controls 49,850,999 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes the details of a sale of 2,103,294 ordinary shares at a price of GBP 1.063 per unit on 29 April 2024.

The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, 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 significant stake held by Newton Investment Management Limited in Hipgnosis Songs Fund Limited, as well as the recent sale of a portion of their ordinary shares. It offers transparency and clarity regarding the positions and dealings of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited.