Newton Investment Management Limited has disclosed a 1.74% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Newton Investment Management Limited owns and/or controls 21,072,421 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure was made on 17 July 2024, with the latest practicable date prior to the disclosure being 16 July 2024.
Additionally, Newton Investment Management Limited has also revealed that it purchased 8,864 ordinary shares of Hipgnosis Songs Fund Limited at a price of GBP 1.006 per unit. The disclosure also includes information about the absence of indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides a comprehensive overview of Newton Investment Management Limited's interests and short positions in Hipgnosis Songs Fund Limited, as well as the dealings undertaken. It is a significant move that sheds light on the investment activities and positions of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited.