Hipgnosis Songs Fund Limited Performance Fee and Total Voting Rights (1807Y)
December 30 2019 - 1:00AM
UK Regulatory
TIDMSONG
RNS Number : 1807Y
Hipgnosis Songs Fund Limited
30 December 2019
30 December 2019
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Performance Fee and Total Voting Rights
The Board of Hipgnosis Songs Fund Limited and its Investment
Adviser, The Family (Music) Limited, announce that 207,946 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 2019. The Performance Fee
Shares are subject to a lock-up period of 18 months immediately
following the relevant Payment Due Date, which in this case
commences on 13 December 2019.
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 6 January 2020.
Following Admission the Company will have 389,564,287 Ordinary
Shares and 231,000,000 C Shares in issue, each with equal voting
rights, and no shares in treasury. Therefore the total number of
voting rights in the Company will be 620,564,287.
The above figure of 620,564,287 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 742742
Merck Mercuriadis
N+1 Singer - Joint Corporate Broker Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
J.P. Morgan Cazenove - Joint Corporate Tel: +44 (0)20 7742
Broker 4000
William Simmonds / Ed Murray / Jérémie
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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