The Vanguard Group, Inc. has disclosed a 1.28% stake in Hipgnosis Songs Fund Limited. As of 13 June 2024, The Vanguard Group, Inc. owned and/or controlled 15,461,385 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, they purchased 20,300 ordinary shares at a price of 1.01 GBP 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. No supplemental form was attached to the disclosure. The disclosure was made in accordance with Rule 8 of the Code and was transmitted by EQS Group.
This disclosure provides insight into The Vanguard Group, Inc.'s significant stake in Hipgnosis Songs Fund Limited, indicating their interest and involvement in the company. The purchase of additional ordinary shares further demonstrates their confidence in the company's potential and aligns with their investment strategy. The absence of derivative transactions and additional agreements or arrangements suggests a straightforward and direct investment approach by The Vanguard Group, Inc. in Hipgnosis Songs Fund Limited. This public disclosure is essential for transparency and regulatory compliance, providing stakeholders and the market with relevant information regarding significant ownership and transactions involving Hipgnosis Songs Fund Limited's securities.