Newton Investment Management Limited has disclosed a 1.74% stake in Hipgnosis Songs Fund Limited. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. As of 17 June 2024, Newton Investment Management Limited owned and/or controlled 21,028,170 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure revealed that the company had sold 20,134,028 ordinary shares at a price of GBP 1.03 per unit.
The disclosure also indicated that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form was attached to the disclosure. The contact person for the disclosure is Andrew Weiser, with a provided telephone number.
This disclosure provides insight into the ownership and dealing activities of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited. It offers transparency regarding the company's stake and recent sale of ordinary shares in Hipgnosis Songs Fund Limited.