The Vanguard Group, Inc. has disclosed a 1.27% stake in Hipgnosis Songs Fund Limited. As of June 5, 2024, The Vanguard Group, Inc. owned and/or controlled 15,371,249 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, they made a purchase of 73,854 ordinary shares at a price of 1.02 GBP per unit. The disclosure was made in accordance with Rule 8.3 of the Takeover Code.
The disclosure also indicated that The Vanguard Group, Inc. did not have any cash-settled derivatives or stock-settled derivatives related to Hipgnosis Songs Fund Limited. Furthermore, there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in connection with this position.
The disclosure was made in compliance with the regulatory requirements, and no supplemental form or attachments were included. The contact person for the disclosure is Shawn Acker, with a provided telephone number for further inquiries.
This disclosure provides insight into The Vanguard Group, Inc.'s significant stake in Hipgnosis Songs Fund Limited, offering transparency to the market and stakeholders about their position in the company.