REG - Hipgnosis Songs Fund - Result of Extraordinary General Meeting (“EGM”)

Hipgnosis Songs FundAnnouncement

07/02/2024 12:45

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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                                                        +44 (0) 20 7496 3000

 Via Singer Capital Markets

 Singer Capital Markets - Corporate Broker

 James Moat / Alaina Wong / Angus Campbell (Corporate Finance)        +44 (0) 20 7496 3000

 Alan Geeves / James Waterlow / Sam Greatrex (Sales)
 Headland Consultancy - Financial PR                                  +44 (0) 20 3805 4822

 Susanna Voyle / Charlie Twigg

Defined terms have the same meaning as those in the circular to Shareholders
dated 23 January 2024.

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