Summary by Futu AI
On December 29, 2023, Baillie Gifford & Co, a Scottish partnership, filed an amended Schedule 13G/A with the SEC, indicating a significant ownership stake in Spotify Technology S.A. According to the filing, Baillie Gifford & Co holds 23,657,094 ordinary shares of Spotify, representing 11.92% of the company's class of securities. The filing, made under Rule 13d-1(b), specifies that Baillie Gifford & Co has sole voting power over 17,522,563 shares and sole dispositive power over 23,657,094 shares. The document clarifies that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Spotify. The compliance manager of Baillie Gifford & Co, Grant Meikle, certified the accuracy of the information on January 26, 2024.