REG - Hipgnosis Songs Fund - Transaction in Own Shares

Hipgnosis Songs FundAnnouncement

02/11/2022 07:00

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RNS Number : 9923E  Hipgnosis Songs Fund Limited  02 November 2022

LEI: 213800XJIPNDVKXMOC11

Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")

Transaction in Own Shares

2 November 2022

Hipgnosis Songs Fund Limited announces that it has purchased 250,000 of its
ordinary shares of no par value, as detailed below:

 

 Aggregate number of ordinary shares purchased:  250,000
 Price per share:                                87.2p
 Trade date:                                     1 November 2022
 Settlement date:                                3 November 2022

 

The purchased ordinary shares will be held in treasury. Following completion
of the above transaction, the Company will have 1,209,964,286 ordinary shares
in issue, 1,209,964,286 voting rights and 1,250,000 ordinary shares held in
treasury.

 

 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                +44 (0)20 7496 3000

 James Moat / James Maxwell / Alex Emslie (Corporate Finance)

 Alan Geeves / James Waterlow / Sam Greatrex (Sales)
 J.P. Morgan Cazenove - Joint Corporate Broker                  +44 (0)20 7742 4000

 William Simmonds / Jérémie Birnbaum (Corporate Finance)

 James Bouverat (Sales)
 RBC Capital Markets - Joint Corporate Broker                   +44 (0)20 7635 4000

 Elliot Thomas / Max Avison (Corporate Finance)

 Lisa Tugwell / Anastasia Mikhailova (Sales)
 Ocorian - Company Secretary & Administrator                    +44 (0) 28 9693 0222

 Lorna Zimny
 The Outside Organisation                                       +44 (0)7711 081 843

 Alan Edwards / Nick Caley
 FTI Consulting                                                 +44 (0)7771 978220; +44 (0)7809 411882; +44 (0)7761 332646

 Neil Doyle / Paul Harris / Laura Ewart
 All US music publicity enquiries                               +1 917 767 5255

 Fran Defeo

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. The Company has
raised a total of almost £1.3 billion (gross equity capital) through its
Initial Public Offering on 11 July 2018, and subsequent issues in April
2019, August 2019, October 2019, July 2020, September 2020, February
2021 and July 2021. 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, and in March 2020 became a constituent of the FTSE 250
Index. Since April 2021, the Company has been resident in the UK for tax
purposes and 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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