Hipgnosis Songs Fund Limited Result of AGM (3891Y)
September 08 2020 - 11:52AM
UK Regulatory
TIDMSONG
RNS Number : 3891Y
Hipgnosis Songs Fund Limited
08 September 2020
8 September 2020
Legal Entity Identifier: 213800XJIPNDVKXMOC11
Information disclosed in accordance with LR 9.6.18
Hipgnosis Songs Fund Limited
("Hipgnosis" or the "Company")
Results of Annual General Meeting
and Class Meeting of C Shareholders
The Board of Hipgnosis Songs Fund Limited and its Investment
Adviser, The Family (Music) Limited, announce that at the Second
Annual General Meeting ("AGM") of the Company held at 10.30 am on 8
September 2020, Ordinary Resolutions 1 to 11 were passed without
amendment by the requisite majority. Special Resolutions 12 to 14
were also passed without amendment by the requisite majority
to:
i. allow the Directors of the Company to exercise all powers of
the Company to allot shares in the Company up to an aggregate
number of 30,792,594 ordinary shares, being 5 per cent of the
ordinary shares in issue as at 7 August 2020;
ii. allow the Company to make market purchases of up to
92,316,197 ordinary shares, representing 14.99 per cent. of the
ordinary shares in issue (excluding treasury shares) as at the time
immediately following the passing of the resolution; and
iii. approve the revised articles of incorporation of the
Company in the form tabled at the meeting, replacing the current
articles of incorporation.
The Special Resolution proposed at the Class Meeting of C
Shareholders held at 10.45 am on 8 September 2020 was also passed
without amendment and by the requisite majority to:
i. approve the variation of rights of the C Shares as effected
by the revised articles of incorporation.
The full results of votes cast at both the Annual General
Meeting and Class Meeting of C Shareholders is available on the
Company's website at
https://www.hipgnosissongs.com/investorinfo
The full text of the resolutions can be found in the Notice of
Annual General Meeting which is available for viewing on the
National Storage Mechanism at www.morningstar.co.uk/NSM and on the
Company's website at www.hipgnosissongs.com
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer - Joint Corporate Broker Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
J.P. Morgan Cazenove - Joint Corporate Tel: +44 (0)20 7742
Broker 4000
William Simmonds / Jérémie Birnbaum
(Corporate Finance)
James Bouverat (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 1481 742614
Mariana Enevoldsen
The Outside Organisation Tel: +44 (0)7711 081
Alan Edwards / Nick Caley 843
FTI Consulting Tel: +44 (0)7771 978220;
Neil Doyle/ Paul Harris/ Laura Ewart +44 (0)7809 411882;
+44 (0)7761 332646
All US music publicity enquiries Tel: +1 917 767 5255
Fran Defeo
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. The Company has raised a total of over GBP860
million (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019,
October 2019 and July 2020. In September 2019, Hipgnosis
transferred its entire issued share capital to the Premium listing
segment of the Official List of the FCA and to the London Stock
Exchange's Premium segment of the Main Market.
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, Giorgio Tuinfort, Starrah, Nick Jarjour, David
Stewart, Bill Leibowitz, Ian Montone, Jason Flom, Rodney Jerkins,
Bjorn Lindvall and Chris Helm.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGSSFFIAESSEIU
(END) Dow Jones Newswires
September 08, 2020 11:52 ET (15:52 GMT)
Hipgnosis Songs (LSE:SONG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hipgnosis Songs (LSE:SONG)
Historical Stock Chart
From Jul 2023 to Jul 2024