Bank of Montreal has disclosed a 1.60% ownership in Hipgnosis Songs Fund Limited. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. As of the latest practicable date prior to the disclosure, Bank of Montreal owned and/or controlled 19,407,768 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure also indicated that there were no cash-settled derivatives or stock-settled derivatives held by Bank of Montreal in relation to the relevant securities of Hipgnosis Songs Fund Limited.
The disclosure did not include any indemnity or other dealing arrangements, and there were no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no Supplemental Form 8 (Open Positions) was attached to the disclosure.
This disclosure provides insight into Bank of Montreal's significant ownership in Hipgnosis Songs Fund Limited, a company focused on acquiring and managing song rights. It offers transparency regarding the ownership and control of relevant securities, aligning with regulatory requirements and market surveillance.