on The Vanguard Group, Inc. (isin : US12572Q1058)
The Vanguard Group, Inc. Discloses Position in Hipgnosis Songs Fund Limited
The Vanguard Group, Inc. has disclosed its position in Hipgnosis Songs Fund Limited as required by Rule 8.3 of the Takeover Code. The announcement, made on 24 May 2024, provides key information about Vanguard’s interests in Hipgnosis.
Vanguard revealed it owns and/or controls 14,695,688 ordinary shares in Hipgnosis, representing 1.22% of the relevant securities. Additionally, the disclosure confirmed that there are no cash-settled or stock-settled derivatives involved.
On 23 May 2024, Vanguard purchased 36,351 ordinary shares of Hipgnosis at a price of 1.01 GBP per unit. No other dealing types such as cash-settled derivatives or stock-settled derivatives were noted in this disclosure.
No indemnity or option arrangements have been made, and there are no agreements or understandings related to options or derivatives. This disclosure confirms Vanguard’s compliance with the Takeover Code.
R. P.
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