Hipgnosis Songs Fund Limited Result of Extraordinary General Meeting (“EGM”)
February 07 2024 - 7:35AM
RNS Regulatory News
RNS Number : 3734C
Hipgnosis Songs Fund Limited
07 February 2024
LEI: 213800XJIPNDVKXMOC11
07 February
2024
Hipgnosis Songs Fund Limited
("Hipgnosis Songs Fund" or the "Company")
Result of Extraordinary
General Meeting ("EGM")
The newly constituted Board of the
Company is pleased to report that following the EGM held today, the
special resolution was overwhelmingly passed on a poll, with 99.9%
of shareholders voting in favour.
On 18 January 2024, the Board
announced its proposal to amend the Articles of the Company, by way
of a special resolution, to enshrine the payment of a fee, at the
Board's discretion, of up to £20 million (in aggregate) by the
Company to any prospective bidder(s) who approaches the Board
seeking to make an acquisition of the assets of the Company on
terms recommendable to shareholders.
Resolution
|
For
|
% Votes
cast
|
Against
|
% Votes
cast
|
Votes total (excluding
withheld)
|
Withheld
|
% of total voting rights
(excluding withheld)
|
Proposed change to articles of
incorporation
|
825,369,333
|
99.9
|
1,097,903
|
0.1
|
826,467,236
|
220,174
|
68.4
|
Robert Naylor, Chairman of Hipgnosis Songs Fund,
said:
"The Board
would like to thank shareholders for their continuing support, as
evidenced by 99.9% of votes cast in favour of the amendment to the
articles.
"The Board remains focused on the
strategic review, under which it is looking at all
options to deliver shareholder value. The Board will update
shareholders as to the outcome of due diligence in due
course."
For further information please
contact:
Hipgnosis Songs
Fund
Robert Naylor
Via Singer Capital
Markets
|
|
+44 (0) 20 7496 3000
|
Singer Capital Markets - Corporate Broker
James Moat / Alaina Wong / Angus
Campbell (Corporate Finance)
Alan Geeves / James Waterlow / Sam
Greatrex (Sales)
|
|
+44 (0) 20 7496 3000
|
Headland Consultancy - Financial PR
Susanna Voyle / Charlie
Twigg
|
|
+44 (0) 20 3805 4822
|
Defined terms have the same meaning
as those in the circular to Shareholders dated 23 January
2024.
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END
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