Newton Investment Management Limited has disclosed a 3.97% 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 47,988,602 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes the details of a sale of 1,862,397 ordinary shares at a price of GBP 1.043 per unit.
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 ownership and dealing activities of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited, offering transparency to the market and investors.