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 as of 12 July 2024, Newton Investment Management Limited owns and/or controls 21,058,847 ordinary shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure includes details of a purchase of 7,970 ordinary shares at a price of GBP 1.008 per unit.
The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form is attached to the disclosure.
This disclosure provides valuable insight into the ownership and dealing activities of Newton Investment Management Limited in relation to Hipgnosis Songs Fund Limited, offering transparency to the market and investors.