13 Jul 2022 07:00
13 July 2022
ROUND HILL MUSIC ROYALTY FUND LIMITED
("RHM" or the "Company")
Potential Migration of Listing Segment
The Company is currently admitted to trading on the Specialist Fund Segment of the London Stock Exchange (the "LSE"). The Board is pleased to announce its intention to apply to the Financial Conduct Authority (the "FCA") for admission of the Company's shares to a premium listing on the Official List and to the LSE for trading of the Company's shares on the Premium Segment of the Main Market of the LSE. As the Company grows, the Board believes that RHM will benefit over time from such a migration to listing on the Official List as it is anticipated that this will broaden its appeal to a wider range of shareholders. The Company also intends to introduce an additional market quote for the shares on the London Stock Exchange denominated in Sterling. Any migration would be subject to the Company meeting the relevant eligibility criteria and approval by the FCA. The Company will provide an update in due course.
FOR FURTHER INFORMATION
Round Hill | |
Josh Gruss, Founder and CEO | via Buchanan 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 |
Buchanan | |
Charles Ryland | +44 20 7466 5107 |
Henry Wilson | +44 20 7466 5111 |
Hannah Ratcliff JTC Mariana Enevoldsen | +44 20 7466 5102
+44 1481 702 485 |
Notes:
Terms defined in the prospectus published by the Company on 19 October 2020 and the supplementary prospectus published on 3 November 2020 (together the "Prospectus") shall have the same meaning when used in this announcement.
The Company is a non-cellular Guernsey company. The Company's Investment Objective is to provide investors with an attractive level of regular and growing income and capital returns from investment primarily in high quality, music intellectual property. In order to achieve its Investment Objective the Company will invest in a songwriter's copyright interest in a musical composition or song (being their writer's share, their publisher's share and their performance rights) together with the rights in the recording of the musical composition or song (known as the master recording rights) together with all such rights and assets considered by its investment manager, Round Hill Music LP, to be ancillary thereto.
Founded in 2010, Round Hill is a fully integrated owner and operator of music copyright properties. Headquartered in New York with additional offices in Nashville, Los Angeles and London, Round Hill has an experienced management and investment team with an established reputation and extensive experience in the music and finance industries.