Vanguard's Position in Hipgnosis Songs Fund Disclosed

The Vanguard Group, Inc. disclosed its position in Hipgnosis Songs Fund Limited on April 30, 2024. The investment management firm now holds 14,314,747 ordinary shares, representing 1.18% interest in the company. Vanguard reported this acquisition as required under Rule 8.3 of the Takeover Code, concerning entities with interests in securities exceeding 1%.

Additionally, Vanguard detailed its recent transaction involving purchasing 89,312 ordinary shares of Hipgnosis at a price of £1.04 per share. This disclosure has implications for the stakeholders of both The Vanguard Group and Hipgnosis Songs Fund Limited, as it may influence Hipgnosis's share value and investor sentiment.