13 Jun 2023 07:00
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 Financial Statements of the Company for the year ended 31 December 2022. | 249,317,256 | 99.99% | 8,154 | 0.0032% | NIL |
2. To approve the directors remuneration for the year ended 31 December 2022. | 249,317,256 | 100% | NIL | 0.00% | 8,154 |
3. To re-appoint KPMG Channel Islands Limited as auditor of the Company, to hold office until the conclusion of the next annual general meeting to be held in 2024. | 235,893,308 | 99.99% | 4,138 | 0.0018% | 13,427,964 |
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 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. | 249,320,272 | 99.99% | 5,138 | 0.0020% | NIL |
11. To authorise the Company to send or supply documents to members by making them available on a website. | 249,325,410 | 100% | NIL | 0.00% | NIL |
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
JTC Mariana Enevoldsen | +44 7963 548865 / tomas@thefourthpillar.co.uk
+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] 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. 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] Includes net recoupable advances to songwriters of US$3.8 million.