REG - Round Hill Music - Result of AGM

Round Hill Music Royalty FundAnnouncement

13/06/2023 07:00

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RNS Number : 4697C  Round Hill Music Royalty Fund Ltd  13 June 2023

13 June 2023

 

ROUND HILL MUSIC ROYALTY FUND LIMITED

(the "Company")

 

Registration number 68002

Legal Entity Identifier: 213800752UO1CJTV8C39

 

  Results of Annual General Meeting

 

The Company is pleased to announce that all resolutions proposed at its annual
general meeting held on 12 June 2023 at 1pm were passed by the requisite
majority. The poll results on each resolution proposed are set out below:

 

 Resolution                                                                       For¹         % of votes cast  Against  % of votes cast  Withheld²
 1.    To receive and adopt the Annual Report and Audited Consolidated            249,317,256  99.99%           8,154    0.0032%          NIL
 Financial Statements of the Company for the year ended 31 December 2022.
 2.    To approve the directors remuneration for the year ended 31 December       249,317,256      100%         NIL      0.00%            8,154
 2022.
 3.    To re-appoint KPMG Channel Islands Limited as auditor of the Company,      235,893,308  99.99%           4,138    0.0018%          13,427,964
 to hold office until the conclusion of the next annual general meeting to be
 held in 2024.
 4.    That the directors be authorised to agree the auditor's remuneration.      235,900,035  99.99%           350      0.0001%          13,425,025
 5.    To re-elect Caroline Chan as a director of the Company.                    249,320,922  99.99%           350      0.0001%          4,138
 6.    To re-elect Francis Keeling as a director of the Company.                  249,325,060  99.99%           350      0.0001%          NIL
 7.    To elect Robert Naylor as a director of the Company.                       249,325,060  99.99%           350      0.0001%          NIL
 8.    To elect Audrey McNair as a director of the Company.                       249,312,768  99.99%           8,504    0.0034%          4,138
 9.    To approve the Company's dividend policy.                                  249,325,410       100%        NIL      0.00%            NIL
 10.  That the Company be authorised, in accordance with Section 315(1)(a) of     249,320,272  99.99%           5,138    0.0020%          NIL
 the Companies Law, to make market acquisitions of shares in the capital of the
 Company on the terms set out in the Notice of AGM.
 11.  To authorise the Company to send or supply documents to members by          249,325,410  100%             NIL      0.00%                           NIL
 making them available on a website.

 

¹ Any proxy arrangement which gave discretion to the Chair has been included
in the "For" totals.

² A vote "Withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against" the
resolution.

 

 

 

 

 

 

FOR FURTHER INFORMATION

 

 Round Hill
 Josh Gruss, Founder and CEO    via Fourth Pillar  below
 Steve Clark, COO

 Cenkos
 Sales:
 Justin Zawoda-Martin           +44 20 7397 1923
 Daniel Balabanoff              +44 20 7397 1909
 Andrew Worne                   +44 20 7397 1912

 Corporate:
 James King                     +44 20 7397 1913
 Will Talkington                +44 20 7397 1910

 Fourth Pillar (Financial PR)
 Claire Turvey                  +44 7850 548 198 / claire@thefourthpillar.co.uk
 Lynne Best                      +44 7763 619709 / lynne@thefourthpillar.co.uk
 Tomas Nevrkla                   +44 7963 548865 / tomas@thefourthpillar.co.uk

 JTC

 Mariana Enevoldsen             +44 1481 702 485

Notes:

About Round Hill Music Royalty Fund Limited

Round Hill Music Royalty Fund invests in high quality, evergreen music
catalogues that have proven longevity and revenue streams, with the aim of
providing investors with an attractive level of regular and growing income and
capital returns, underpinned by the positive structural drivers of the global
music industry.

The portfolio, valued at US$602.6 million 1  (#_ftn1) as at 31 December 2022,
is diversified by income stream and music genre, with value created through
the proactive and careful management and commercialisation of the repertoire
through synchronisation (placement in films, television series and brand
campaigns); licensing; data cleaning; and distribution (including across
platforms such as Amazon Music, Apple Music, Deezer, and Spotify).

Its 51 catalogues, totalling over 120,000 songs, include music performed by
artists such as Alice in Chains, Bonnie Tyler, Bruno Mars, Céline Dion, Lady
A, Louis Armstrong, The Offspring, The Supremes, Whitesnake and Wilson
Pickett.

The portfolio of rights includes copyright interests in a musical composition
or song (which can be the writer's share, publisher's share and/or performance
rights), the rights to the recording of a musical composition or song (the
master recording rights), as well as music rights and assets that meet the
Company's investment strategy and objectives.  The Company is a non-cellular
Guernsey company.

A playlist of RHM's top 50 earners can be listened to on Spotify here
(https://open.spotify.com/playlist/4P46C6opRHt0reXwyy7dRt?si=ad5e135307ec4a14&nd=1)
. We recommend it served loud.

About Round Hill Music LP (the Investment Manager)

Founded in 2010, Round Hill Music LP is a fully integrated owner and operator
of music copyright properties. It currently manages 150+ catalogues, totalling
330,000+ songs with a combined value of c.US$1.2 billion.

With c.70 employees located in the major music and entertainment markets of
Nashville, New York, Los Angeles and London, Round Hill Music LP has an
experienced management and investment team with an established reputation and
extensive expertise in the music and finance industries.

 

 

 

 

 1  (#_ftnref1) Includes net recoupable advances to songwriters of US$3.8
million.

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