BlackRock, Inc. has disclosed a 2.51% ownership in Hipgnosis Songs Fund Limited as of May 31, 2024. The disclosure under Rule 8.3 of the Takeover Code reveals that BlackRock, Inc. owns 30,378,606 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes details of recent dealings, with BlackRock, Inc. selling 720,465 ordinary shares at GBP 1.0060 per unit and 29,776 ordinary shares at GBP 1.0070 per unit.
The disclosure also indicates that BlackRock, Inc. does not have any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives with any party to the offer or any person acting in concert with a party to the offer. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure provides transparency about BlackRock, Inc.'s ownership and recent dealings with Hipgnosis Songs Fund Limited, in accordance with the regulatory requirements of the Takeover Code. It offers valuable information for investors and market participants regarding the ownership and trading activities of significant shareholders in Hipgnosis Songs Fund Limited.