Newton Investment Management Limited has disclosed a 1.74% stake in Hipgnosis Songs Fund Limited. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. As of 18 July 2024, Newton Investment Management Limited owned and/or controlled 21,082,689 ordinary shares of Hipgnosis Songs Fund Limited, representing 1.74% of the total shares. Additionally, the disclosure revealed that Newton Investment Management Limited had purchased 10,268 ordinary shares at a price of GBP 1.005 per unit.
The disclosure did not include any cash-settled derivative transactions or stock-settled derivative transactions. Furthermore, there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in relation to Hipgnosis Songs Fund Limited.
This disclosure provides valuable insight into the ownership and trading activities of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited. It offers transparency to the market and stakeholders regarding the significant stake held by Newton Investment Management Limited in the company.