REG - Hipgnosis Songs Fund - Directorate Change and Notice of Results

Hipgnosis Songs FundAnnouncement

10/07/2023 07:00

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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
(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)   +44 (0)20 7496 3000

 Alan Geeves / James Waterlow / Sam Greatrex (Sales)
 J.P. Morgan Cazenove - Joint Corporate Broker

 William Simmonds / Jérémie Birnbaum (Corporate Finance)        +44 (0)20 7742 4000

 James Bouverat (Sales)
 RBC Capital Markets - Joint Corporate Broker

 Elliot Thomas / Max Avison (Corporate Finance)                 +44 (0)20 7635 4000

 Lisa Tugwell / Anastasia Mikhailova (Sales)
 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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