27 Sep 2019 12:28
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY US PERSONS OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION, OR TO ANY PERSON, WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW.
27 September 2019
HIPGNOSIS SONGS FUND LIMITED
(the "Company" or "Hipgnosis")
PUBLICATION OF PROSPECTUS
Further to the announcement this morning regarding the Initial Placing, Offer for Subscription and Intermediaries Offer of C Shares ("C Shares") (the "Initial Issue") and Placing Programmes of up to 1 billion new Ordinary Shares and/or C shares (the "Placing Programmes", the Company announces the publication of a prospectus (the "Prospectus") containing full details of the Initial Issue and the Placing Programmes.
The Prospectus will be available for viewing at the National Storage Mechanism at www.morningstar.co.uk/uk/nsm and the Company's website (www.hipgnosissongs.com). Copies will also be available at the Company's registered office at PO Box 286, Floor 2, Trafalgar Court, Les Banques, St Peter Port, Guernsey GY1 4LY during normal office hours.
Defined terms in this announcement will have the same meaning as defined in the Prospectus.
For further information, please contact:
The Family (Music) Limited Merck Mercuriadis
| Tel: +44 (0)1481 742742 |
N+1 Singer - Sponsor, Joint Bookrunner and Joint Corporate Broker James Maxwell / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)
| Tel: +44 (0)20 7496 3000 |
J.P. Morgan Cazenove - Joint Bookrunner and Corporate Broker William Simmonds / Ed Murray / Jérémie Birnbaum (Corporate Finance) James Bouverat / Eddie Nissen (Sales)
| Tel: +44 (0)20 7742 4000
|
The Outside Organisation Alan Edwards / Nick Caley | Tel: +44 (0)7711 081 843 |
NOTES TO EDITORS
About Hipgnosis Songs Fund Limited
(www.hipgnosissongs.com)
Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey registered investment company established to offer investors a pure-play exposure to songs and associated musical intellectual property rights. The Company has raised a total of approximately £395 million (gross equity capital) through its Initial Public Offering on 11 July 2018, and subsequent placings in April 2019 and August 2019. In September 2019, Hipgnosis transferred its entire issued share capital to the Premium listing segment of the Official List of the FCA and to the London Stock Exchange's Premium segment of the Main Market.
About The Family (Music) Limited
The Company's Investment Adviser is The Family (Music) Limited, which was founded by Merck Mercuriadis, former manager of globally successful recording artists, such as Elton John, Guns N' Roses, Morrissey, Iron Maiden and Beyoncé, and hit songwriters such as Diane Warren, Justin Tranter and The-Dream, and former CEO of The Sanctuary Group plc. The Investment Adviser has assembled an Advisory Board of highly successful music industry experts which include award winning members of the artist, songwriter, publishing, legal, financial, recorded music and music management communities, all with in-depth knowledge of music publishing. Members of The Family (Music) Limited Advisory Board include Nile Rodgers, The-Dream, Giorgio Tuinfort, Starrah, Nick Jarjour, David Stewart, Bill Leibowitz, Ian Montone, and Jason Flom.
Hipgnosis Song. (SONG)