TIDMSONG
RNS Number : 7154B
Hipgnosis Songs Fund Limited
14 June 2021
14 June 2021
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Appointment of Non-Executive Director
Hipgnosis Songs Fund Limited is pleased to announce the
appointment of Vania Schlogel, the Founder and Managing Partner of
the media and entertainment industry-focused investment firm
Atwater Capital, as an independent Non-Executive Director of the
Company, with immediate effect.
Vania founded the global private equity firm Atwater Capital in
2017, with a vision of uniting the valuable creative aspects of
evaluating investments and growing companies with deep operational
and financial expertise. The firm invests across the media and
entertainment sector with a focus on companies that foster cultural
diversity, working with management teams committed to embracing
strong ESG practices.
Prior to launching Atwater, Vania served as an executive at a
number of leading companies, including as Chief Investment Officer
of Roc Nation, the entertainment business founded by the artist
Jay-Z. She was previously a member of KKR's Private Equity team,
where she specialised in the Media sector and launched the Growth
Equity division. Vania began her career in the Leveraged Finance
and Capital Markets groups at Goldman Sachs in London and LA.
Her other Board appointments include serving as the Chairwoman
of the Board for Epidemic Sound, the platform for restriction-free
music that recently raised $450m at a $1.4bn valuation from
investment funds managed by Blackstone Growth and EQT Growth. Vania
is also Chairwoman of the Board for LEONINE Studios, Germany's
leading content production and distribution company.
Vania holds a total of 10,000 ordinary shares in the Company,
which equates to 0.001% of the issued share capital.
Save as disclosed above, there are no further details to
disclose under paragraphs 9.6.13 R (1) to (6) of the Listing Rules
in respect of Vania Schlogel.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"I am delighted that Vania has agreed to join the Board of
Hipgnosis Songs Fund. Vania has a terrific wealth of both Private
and Public Market experience and intimate knowledge of the Music
Business at the highest levels. That's an almost unique
combination. The work of our Board led by Chair Andrew Sutch, and
including Paul Burger, Sylvia Coleman, Simon Holden and Andrew
Wilkinson has been an important part of our success. I am certain
that Vania will complement this work perfectly and make very
valuable contributions. We are all very pleased to welcome Vania to
the Hipgnosis family."
Vania Schlogel said: "Hipgnosis has done an incredible job in
creating such an innovative and attractive proposition to investors
while at the same time supporting some of music's most important
figures. I could not be happier to be joining the Board at this
exciting stage in the company's development."
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 / Amanda Gray 3000
(Corporate 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)
RBC Capital Markets - Joint Corporate Tel: +44 (0)20 7635
Broker 4000
Elliot Thomas / Max Avison / Lauren Davies
(Corporate Finance)
Lisa Tugwell (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 28 9693
Lorna Zimny 0222
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
Fran Defeo +1 917 767 5255
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 GBP1.1
billion (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019,
October 2019, July 2020, September 2020 and February 2021. 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, and in March 2020 became a constituent of the FTSE 250
Index. Since April 2021, the Company has been resident in the UK
for tax purposes and is recognised as an investment trust under
applicable HMRC regulations.
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
A. Stewart, Bill Leibowitz, Ian Montone and Rodney Jerkins.
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