Newton Investment Management Limited has disclosed a 3.81% 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 46,048,873 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure was made on 13 May 2024, and it includes details of any open stock-settled derivative positions. Additionally, the disclosure includes information about purchases and sales of ordinary shares, with 167,948 shares being sold at a price of GBP 1.02 per unit.
The disclosure also states 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. The contact person for the disclosure is Kevin Lockhart, with a provided telephone number.
This disclosure provides valuable information about Newton Investment Management Limited's significant stake in Hipgnosis Songs Fund Limited, shedding light on their interests and short positions in the company's securities. It also offers insights into recent dealings involving the sale of ordinary shares.