Threadneedle Asset Management Holdings Ltd, on behalf of affiliate companies, has disclosed a 0.51% stake in Hipgnosis Songs Fund Limited. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that the company owns and/or controls 6,141,422 ordinary shares of Hipgnosis Songs Fund Limited. The disclosure was made on 2nd May 2024, and it includes details of any open stock-settled derivative positions.
Additionally, the disclosure indicates that Threadneedle Asset Management Holdings Ltd has sold 10,372,585 ordinary shares of Hipgnosis Songs Fund Limited at a price of GBP 1.05 per unit. The disclosure also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides a comprehensive overview of Threadneedle Asset Management Holdings Ltd's position in Hipgnosis Songs Fund Limited, including the number of securities owned and/or controlled, as well as details of any recent dealings in the relevant securities. It offers transparency regarding the company's interests and short positions in Hipgnosis Songs Fund Limited, in compliance with the regulatory requirements.
The disclosure serves to inform the market and stakeholders about Threadneedle Asset Management Holdings Ltd's holdings and dealings in Hipgnosis Songs Fund Limited, contributing to transparency and regulatory compliance in the context of relevant securities ownership and control.