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RNS Number : 8313S Blackstone Europe LLP 29 July 2025
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE
19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER
ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A
PERIOD OF 12 MONTHS FROM THE DATE ON WHICH AN OFFER PERIOD ENDED CONFIRMING
WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED
INTENTIONS
FOR IMMEDIATE RELEASE
29 July 2025
LYRA BIDCO LIMITED ("BIDCO")
(a wholly-owned indirect subsidiary of investment funds advised by affiliates
of
Blackstone Inc.)
Rule 19.6(c) confirmation in respect of post-offer intention statements with
regard to Hipgnosis Songs Fund Limited ("Hipgnosis")
Bidco announces that further to the completion of its acquisition of Hipgnosis
on 29 July 2024, which was effected by way of a Court-sanctioned scheme of
arrangement under Part VIII of the Companies (Guernsey) Law, 2008 (as
amended), Bidco has duly confirmed in writing to The Panel on Takeovers and
Mergers in accordance with the requirements of Rule 19.6(c) of the Code that
it has complied with its post-offer intention statements made pursuant to
Rules 2.7(c)(viii) and 24.2 of the Code, save as detailed in its announcement
on 30 May 2025 made pursuant to Rule 19.6(b) of the Code, as originally set
out in its announcements made under Rule 2.7 of the Code on 29 April 2024 and
3 June 2024 and in the scheme document published by Hipgnosis on 14 June 2024.
Enquiries
Jefferies (Financial Adviser to Bidco and Blackstone) +44 207 029 8000
Philip Noblet / Chris Cottrell / Harry Le May / Stuart Klein
Paternoster (Financial PR Adviser to Bidco and Blackstone) +44 203 012 0241
Tom Buchanan / Alistair Smith
Kirkland & Ellis International LLP is acting as legal adviser to Bidco
and Blackstone.
Important Notices
Jefferies International Limited ("Jefferies"), which is authorised and
regulated in the UK by the FCA, is acting exclusively as financial adviser to
Blackstone and Bidco and for no one else in connection with the matters
described in the Scheme Document and this announcement and will not regard any
other person as its client in relation to the matters described in the Scheme
Document and this announcement and will not be responsible to anyone other
than Blackstone and Bidco for providing the protections offered to clients of
Jefferies nor for providing advice in relation to the contents of the Scheme
Document or in connection with the matters referred to therein. Neither
Jefferies nor any of its affiliates, nor any of its or their respective
directors, officers, partners, employees or agents owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Jefferies in connection with the Scheme Document, any statement
contained herein or otherwise.
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