Hipgnosis Songs Fund reduces net assets after accounting mishap
(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it had identified an error in its latest operative net asset value calculation.
Read moreTo provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs and associated musical intellectual property rights.
Find out More(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it had identified an error in its latest operative net asset value calculation.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
Read more(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.
Read more(Alliance News) - Stock prices in London were mostly lower at midday Monday, as the week started off on a quiet note ahead of a busy week of monetary policy decisions and economic data from across the globe.
Read more(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it will divert its free cashflow toward paying down debt and won't resume paying dividends "for the foreseeable future", as an independent study found a lower valuation for the company's portfolio.
Read more(Sharecast News) - Hipgnosis Songs Fund updated the market on ongoing strategic review on Monday, reporting a notable reduction in the company's fair value after a detailed report from Shot Tower Capital.
Read more(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.
Read more(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said that it plans to bring a High Court claim against its founder, Merck Mercuriadis, after he refused to indemnify the company against liabilities.
Read more(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said that its request for an indemnity from its founder had been denied, prompting the company to pursue court action in pursuit of the full amount.
Read moreHipgnosis Songs Fund Ltd - London-based investor in music rights - Says 99.9% of shareholders vote in favour of a special resolution at its extraordinary general meeting. This was to enshrine payment of a fee, at the board's discretion, of up to GBP20 million to any prospective bidders who approach the board seeking to make an acquisition of Hipgnosis assets on terms recommendable to shareholders. The fee is intended to protect bidders against due diligence and acquisition costs so that they are "not deterred from seeking to engage with company" over a possible offer. Chair Robert Naylor says: "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."
Read moreWednesday 7 February | |
Asos PLC | AGM |
eEnergy Group PLC | GM re disposal of Energy Management division |
Future PLC | AGM |
Hipgnosis Songs Fund Ltd | EGM re payment of fee to prospective bidders |
Mosman Oil & Gas Ltd | EGM re director participation in placing |
Premier Miton Group PLC | AGM |
Thursday 8 February | |
Benchmark Holdings PLC | AGM |
Compass Group PLC | AGM |
easyJet PLC | AGM |
Hargreave Hale AIM VCT PLC | AGM |
Polar Capital Global Healthcare Trust PLC | AGM |
Friday 9 February | |
Kibo Energy PLC | EGM re pre-emption rights for share issues |
Victrex PLC | AGM |
Monday 12 February | |
Arix Bioscience PLC | GM re takeover by RTW Biotech Opportunities Ltd |
JPMorgan UK Smaller Companies Investment Trust PLC | GM re merger with JPMorgan UK Smaller Companies |
Mears Group PLC | GM re authority to buy back up to 10% of shares |
Tuesday 13 February | |
Cellular Goods PLC | AGM |
Iconic Labs PLC | AGM |
JPMorgan Indian Investment Trust PLC | AGM |
Tui AG | AGM including London Stock Exchange delisting vote |
Xtract Resources PLC | GM re sale of Manica gold project to MMP |
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(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it has appointed solicitors to review the claim made against its founder Merck Mercuriadis, Hipgnosis Songs Management and the company by Hipgnosis Music Ltd.
Read more(Sharecast News) - Hipgnosis Songs Fund said in an update on Monday that it was looking for indemnity from its founder amid a legal battle with Hipgnosis Music.
Read more(Alliance News) - Merck Mercuriadis is stepping down as chief executive of music royalties fund manager Hipgnosis Songs Management.
Read more(Alliance News) - Hipgnosis Songs Fund Ltd on Tuesday said its investment adviser, Hipgnosis Songs Management Ltd, has refused its request to drop the call option from its investment advisory agreement.
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