Hipgnosis Songs Fund Limited Second Interim Dividend (8832N)
January 23 2019 - 4:24AM
UK Regulatory
TIDMSONG
RNS Number : 8832N
Hipgnosis Songs Fund Limited
23 January 2019
23 January 2019
HIPGNOSIS SONGS FUND LIMITED
(the "Company" or "Hipgnosis")
Second Interim Dividend Announcement
Hipgnosis Songs Fund Limited is pleased to announce the
Company's second interim dividend (the 'Dividend') for the period
from 1 October to 31 December 2018.
The Dividend of 0.50 pence per Ordinary Share will be payable to
Shareholders on the register as at 1 February 2019 with an
associated ex-dividend date of 31 January 2019 and a payment date
of 28 February 2019.
As set out in the Company's prospectus, Hipgnosis is targeting a
dividend for the first 12 months following admission of 3.5 pence*
and intends to pay interim quarterly dividends to shareholders in
November, February, May and August.
* the target dividend is a target only and is not a profit
forecast. There can be no guarantee that this target will be met
and it should not be taken as an indication of the Company's
expected or actual future results.
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
The Outside Organisation Tel: +44 (0)207 436
Alan Edwards / Nick Caley 3633
NOTES TO EDITORS
About Hipgnosis Songs Fund Limited (www.hipgnosissongs.com)
Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey
registered investment company established to offer investors a
pure-play exposure to songs and associated musical intellectual
property rights. In its Initial Public Offering on the Specialist
Fund Segment of the London Stock Exchange's main market on 11 July
2018, the Company raised approximately GBP200m gross equity
capital.
About The Family (Music) Limited
The Company's Investment Adviser is The Family (Music) Limited,
which was founded by Merck Mercuriadis, former manager of globally
successful recording artists, such as Elton John, Guns N' Roses,
Morrissey, Iron Maiden and Beyoncé, and hit songwriters such as
Diane Warren, Justin Tranter and The-Dream, and former CEO of The
Sanctuary Group plc. The Investment Adviser has assembled an
Advisory Board of highly successful music industry experts which
include award winning members of the artist, songwriter,
publishing, legal, financial, recorded music and music management
communities, all with in-depth knowledge of music publishing.
Members of The Family (Music) Limited Advisory Board include Nile
Rodgers, The-Dream, Bill Leibowitz, Ian Montone, and Jason
Flom.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DIVSEESUDFUSEEF
(END) Dow Jones Newswires
January 23, 2019 04:24 ET (09:24 GMT)
Hipgnosis Songs (LSE:SONG)
Historical Stock Chart
From Apr 2024 to May 2024
Hipgnosis Songs (LSE:SONG)
Historical Stock Chart
From May 2023 to May 2024