Schroders PLC has disclosed a 4.582% interest in Hipgnosis Songs Fund Limited, representing 55,404,234 ordinary shares. The disclosure, made on 6th June 2024, also includes details of dealings involving the purchase and sale of ordinary shares, as well as transfer activities. The disclosed information is in compliance with Rule 8.3 of the Takeover Code.
The disclosure further reveals that Schroders PLC sold 102,200 ordinary shares at a price of 1.012 GBP per unit. Additionally, the company engaged in transfer activities, including the transfer in and out of ordinary shares at different prices per unit.
The disclosure does not include any indemnity or dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form is attached to the disclosure.
For any public disclosures under Rule 8 of the Code, Schroders PLC has made the necessary arrangements with a Regulatory Information Service and the Panel's Market Surveillance Unit.
This disclosure provides valuable insights into the position and dealings of Schroders PLC in relation to Hipgnosis Songs Fund Limited, offering transparency and compliance with regulatory requirements.