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 as of 9th July 2024, Newton Investment Management Limited owns and/or controls 21,043,729 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes the purchase of 15,559 ordinary shares at a price of GBP 1.021 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 is attached to the disclosure.
This disclosure provides valuable information about the ownership and dealing activities of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited. It offers insights into the significant stake held by the investment management firm and its recent purchase of ordinary shares in the company.