The Vanguard Group, Inc. has disclosed a 1.28% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that The Vanguard Group, Inc. owns and/or controls 15,518,141 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes details of a purchase of 56,756 ordinary shares at a price of 1.03 GBP per unit.
The disclosure also indicates 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.
This disclosure provides valuable insight into The Vanguard Group, Inc.'s stake in Hipgnosis Songs Fund Limited, offering transparency to the market and stakeholders. It also highlights the recent purchase of ordinary shares, indicating The Vanguard Group, Inc.'s continued interest in the company.