BlackRock, Inc. has disclosed its ownership of 2.76% of the ordinary shares of Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that BlackRock, Inc. owns 33,417,911 ordinary shares of Hipgnosis Songs Fund Limited as of May 8, 2024. Additionally, the disclosure shows that BlackRock, Inc. holds cash-settled derivatives amounting to 0.26% of the total shares.
The disclosure also includes details of a cash-settled derivative transaction, where BlackRock, Inc. increased its short position by 618,091 securities at a price of GBP 1.0461 per unit. Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides transparency about BlackRock, Inc.'s significant ownership in Hipgnosis Songs Fund Limited and its recent dealings in the company's securities, in compliance with the regulatory requirements of the Takeover Code.