The Bank of Nova Scotia has disclosed a 1% ownership in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, includes key information such as the date of the position held and dealing undertaken, which was on 12/07/2024. The disclosure also details the positions of the person making the disclosure, including interests and short positions in the relevant securities of Hipgnosis Songs Fund Limited.
The Bank of Nova Scotia's disclosure reveals that they own and/or control 12,094,013 ordinary shares, representing 1.00% of the total shares. Additionally, they hold 12,091,263 cash-settled derivatives, also representing 1.00% of the total. The disclosure also includes details of a sale of 10,971 ordinary shares at a price of 1.01 GBP per unit.
Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It also confirms that no supplemental form is attached to the disclosure.
This disclosure provides valuable insight into the ownership and dealing activities of The Bank of Nova Scotia in relation to Hipgnosis Songs Fund Limited, offering transparency to the market and investors.