Hipgnosis Songs Fund Limited Performance Fee and Total Voting Rights (5340E)
July 07 2021 - 1:18PM
UK Regulatory
TIDMSONG
RNS Number : 5340E
Hipgnosis Songs Fund Limited
07 July 2021
7 July 2021
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Performance Fee and Total Voting Rights
The Board of Hipgnosis, the first UK listed investment company
offering investors a pure-play exposure to songs and associated
musical intellectual property rights, and its Investment Adviser,
The Family (Music) Limited, announce that 137,655 new Ordinary
Shares (the "Performance Fee Shares") will be issued to the
Investment Adviser in order to satisfy the performance fee in
relation to the year ended 31 March 2021. The Performance Fee
Shares are subject to a lock-up period of 18 months immediately
following the relevant Payment Due Date; 26 April 2021.
Application has been made for the new Ordinary Shares to be
admitted to trading on the London Stock Exchange's main market for
listed securities ("Admission"). It is expected that Admission will
become effective and that dealings will commence at 8.00 a.m. on or
around 9 July 2021.
Following Admission the Company will have 1,211,214,286 Ordinary
Shares in issue, and no shares in treasury. Therefore the total
number of voting rights in the Company will be 1,211,214,286.
The above figure of 1,211,214,286 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest, in the Company under the FCA's Disclosure and
Transparency Rules.
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481
Merck Mercuriadis 742742
Singer Capital Markets - Joint Corporate Broker Tel: +44 (0)20
James Maxwell / James Moat / Amanda Gray / 7496 3000
Alaina Wong (Corporate Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
J.P. Morgan Cazenove - Joint Corporate Broker Tel: +44 (0)20
William Simmonds / Jérémie Birnbaum 7742 4000
(Corporate Finance)
James Bouverat (Sales)
RBC Capital Markets - Joint Corporate Broker Tel: +44 (0)20
Elliot Thomas / Max Avison (Corporate Finance) 7635 4000
Lisa Tugwell / Adam Robertson (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 28
Lorna Zimny 9693 0222
The Outside Organisation Tel: +44 (0)7711
Alan Edwards / Nick Caley 081 843
FTI Consulting Tel: +44 (0)7771
Neil Doyle/ Paul Harris/ Laura Ewart 978220; +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 almost GBP1.3
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, February 2021 and July
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, David A. Stewart,
Poo Bear, Bill Leibowitz, Ian Montone and Rodney Jerkins.
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END
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