TIDMSONG
RNS Number : 4179F
Hipgnosis Songs Fund Limited
10 July 2023
LEI: 213800XJIPNDVKXMOC11
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Appointment of Non-Executive Director and Notice of Results
10 July 2023
The Board of Hipgnosis, the first UK listed investment company
offering investors a pure-play exposure to songs and associated
musical intellectual property rights, is pleased to announce the
appointment of Cindy Rampersaud as an independent non-executive
director of the Company with effect from 1 August 2023.
Ms Rampersaud is a Chartered Accountant with considerable
experience across a range of organisations within the education,
entertainment, media and charitable sectors. She previously held
senior executive roles at Virgin, Warner Brothers, EMI, the
Department for Education and, most recently, Pearson, where she
headed up the global BTEC and apprenticeships business.
Ms Rampersaud is currently a non-executive director of Sage
Housing and an advisory board member and chair of audit & risk
at the UK Health Security Agency. She is also a trustee of both The
London Film School and the Consumers' Association (the publishers
of Which?).
Ms Rampersaud will be appointed as a member of the following
Board committees with effect from her appointment to the Board:
- Audit and Risk Management Committee;
- Environmental, Social and Governance Committee;
- Management Engagement Committee;
- Nomination Committee;
- Portfolio Committee; and
- Remuneration Committee.
Shareholders will have the opportunity to vote on Ms Rampersaud
's appointment as a new director at the AGM later this year. Ms
Rampersaud does not currently own any ordinary shares in the
Company.
There are no further details to disclose under paragraphs 9.6.13
R (1) to (6) of the Listing Rules in respect of Cindy
Rampersaud.
Andrew Sutch, Chairman of the Company, said:
"I am delighted that Cindy has agreed to join the Board of
Hipgnosis. Cindy has an impressive background in a variety of
complex finance and investment roles as well as extensive
experience serving on boards across a range of industries. All of
this will enhance the complementary mix of skills and expertise of
our existing Directors."
Merck Mercuriadis, CEO and founder of Hipgnosis Song Management
and founder of Hipgnosis Songs Fund said:
"We welcome Cindy to the Hipgnosis family. Her wealth of
experience in both music and the wider market will be the perfect
complement to Andrew, Sylvia, Paul, Simon and Andrew, who have a
combined almost 24 years experience on our board. We very much look
forward to working with her."
Notice of Results
The Company will be announcing its full year results for the
year ending 31 March 2023 on Thursday 13 July. The Investment
Adviser will present a webinar for analysts and investors at 1000
BST.
Registration for the live webcast is available at:
https://www.lsegissuerservices.com/spark/HipgnosisSongsFundLtd/events/17896f4e-5aa3-44ce-8303-1d15f263d1af
A video recording of the event will be made available on the
Company's website (www.hipgnosissongs.com) after the event.
For more information:
For further information please contact:
Hipgnosis Song Management
Merck Mercuriadis
Chris Helm
Giles Croot (Media) +44 (0)20 4542 1511
Rufina Pavry ( Investors ) +44 (0)20 4542 1530
Singer Capital Markets - Joint Corporate
Broker
James Moat / James Maxwell / Alex Emslie
(Corporate Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales) +44 (0)20 7496 3000
J.P. Morgan Cazenove - Joint Corporate Broker
William Simmonds / Jérémie Birnbaum
(Corporate Finance)
James Bouverat (Sales) +44 (0)20 7742 4000
RBC Capital Markets - Joint Corporate Broker
Elliot Thomas / Max Avison (Corporate Finance)
Lisa Tugwell / Anastasia Mikhailova (Sales) +44 (0)20 7635 4000
Ocorian - Company Secretary & Administrator
Lorna Zimny +44 (0) 28 9693 0222
Headland Consultancy
Susanna Voyle / Del Jones / Charlie Twigg +44 (0) 20 3805 4822
The Outside Organisation
Alan Edwards / Nick Caley +44 (0)7711 081 843
All US music publicity enquiries
Fran Defeo +1 917 767 5255
Notes to Editors
About Hipgnosis Songs Fund
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 March 2020 the Company became a constituent of
the FTSE 250 Index. The Company is recognised as an investment
trust under applicable HMRC regulations.
About Hipgnosis Song Management Limited
The Hipgnosis Songs Fund's Investment Adviser is Hipgnosis Song
Management 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 Hipgnosis Song Management 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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