Hipgnosis Songs Fund Limited Result of Extraordinary General Meeting (2456Q)
October 17 2019 - 5:18AM
UK Regulatory
TIDMSONG
RNS Number : 2456Q
Hipgnosis Songs Fund Limited
17 October 2019
17 October 2019
Hipgnosis Songs Fund Limited
("Hipgnosis" or the "Company")
Result of Extraordinary General Meeting
The Board of Hipgnosis Songs Fund Limited and its Investment
Adviser, The Family (Music) Limited, announce that at the
Extraordinary General Meeting ("EGM") of the Company held at 10.00
am, 17 October 2019, Special Resolution 1 was passed without
amendment by the requisite majority.
Resolution 1
THAT the pre-emption rights granted to Shareholders pursuant to
article 5.8 of the Articles shall not apply in respect of the
issuance of Shares in connection with the Placing Programmes to any
person or persons of equity securities (as defined in the Articles)
up to a number not exceeding 1 billion Shares AND that this
dis-application of such pre-emption rights shall expire on 25
September 2020, save that the Company may, before such expiry, make
offers or agreements which would or might require equity securities
to be issued pursuant to any such offer or agreement as if the
power hereby conferred had not expired.
Votes cast over which the Chairman had been appointed as proxy
were as follows:
Resolution Votes For Votes Against Votes Withheld*
1 - Special 275,552,988 99.22% 2,181,242 0.78% 374,428
------------ -------- ---------- -------- ----------------
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
Resolution.
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
J.P. Morgan Cazenove Tel: +44 (0)20 7742
William Simmonds / Ed Murray / Jérémie 4000
Birnbaum (Corporate Finance)
James Bouverat / Eddie Nissen (Sales)
The Outside Organisation Tel: +44 (0)7711 081
Alan Edwards / Nick Caley 843
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 GBP625
million (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019
and October 2019. 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, and Jason Flom.
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.
END
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