Newton Investment Management Limited has disclosed a 1.74% 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 21,050,877 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure also includes details of a purchase of 7,148 ordinary shares at a price of GBP 1.015 per unit.
The disclosure does not include any cash-settled derivative transactions or stock-settled derivative transactions. Additionally, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in relation to Hipgnosis Songs Fund Limited.
The disclosure was made on 11 July 2024 by Andrew Weiser from Newton Investment Management Limited. It is important to note that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.