Hipgnosis Songs Fund Limited

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SONG

GG00BFYT9H72

Investment Management & Fund Operators

Real-time Estimate Cboe Europe Other stock markets 07:41:02 2024-06-03 am EDT			5-day change	1st Jan Change
101.5 ^GBX	+0.89%		+0.80%	+40.83%

May. 16	Concord withdraws buy offer for Hipgnosis after outbid by Blackstone	AN
May. 16	Concord terminates $1.51 billion offer for Hipgnosis	RE

Hipgnosis Songs Fund new chair, other directors buy shares

November 20, 2023 at 05:56 am EST

Hipgnosis Songs Fund Ltd - London-based investor in music royalty rights - Directors, including Chair Rob Naylor, buy 327,000 shares on Thursday last week. The purchases are made at prices ranging from 73.29 pence to 73.56p and are worth about GBP240,224 in total. Naylor joined as chair at the start of November. He is chief executive of Intuitive Investments PLC and had been a director of Hipgnosis peer Round Hill Music Royalty Fund Ltd. Naylor's arrival followed a profit warning by Hipgnosis and a decision to skip dividend payments. This in turn followed Hipgnosis shareholders rejecting a deal to sell music catalogues to a company controlled by its investment manager.

Current stock price: 73.58 pence, down 2.5% in London on Monday

12-month change: down 11%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Hipgnosis Songs Fund Limited

Concord withdraws buy offer for Hipgnosis after outbid by Blackstone	May. 16	AN
Concord terminates $1.51 billion offer for Hipgnosis	May. 16	RE
Music platform Epidemic Sound eyeing possible 2025 IPO, sources say	May. 14	RE
Blackstone victorious as Concord says Hipgnosis bid is final	May. 09	AN
European Midday Briefing : BOE Seen Holding Steady; Future Rate Cut Timing Hints Eyed	May. 09	DJ
Concord Chorus Says Sweetened Offer for Hipgnosis Songs Fund is Final	May. 09	MT
Blackstone likely winner for Hipgnosis Songs as Concord maintains lower bid	May. 09	RE
Concord says won't raise offer for Hipgnosis	May. 09	RE
Concord Confirms Its Offer for Hipgnosis Will Not Be Increased	May. 09	CI
Outperforming FTSE 100 spikes to another record	Apr. 29	AN
European Midday Briefing : Fed Rate Decision, Earnings in Focus This Week	Apr. 29	DJ
Blackstone Raises Hipgnosis Bid to £1.26 Billion in Takeover Battle	Apr. 29	CI
Solid start to week for record-setting FTSE 100	Apr. 29	AN
Hipgnosis Songs backs new bid as Blackstone eclipses Concord	Apr. 29	AN
FTSE 100 continues record run boosted by Anglo American, AstraZeneca	Apr. 29	RE
Blackstone Offers to Buy Hipgnosis Songs Fund Under Revised $1.57 Billion Proposal	Apr. 29	MT
Hipgnosis Songs Fund Agrees to Improved $1.57 Billion Blackstone Offer -- Update	Apr. 29	DJ
Blackstone beats Concord with $1.6 bln bid for Hipgnosis Songs	Apr. 29	RE
Hipgnosis Songs Fund backs new Blackstone bid	Apr. 29	AN
Hipgnosis Songs Fund Agrees to Improved Blackstone Offer	Apr. 29	DJ
Blackstone outbids Concord in $1.6 bln takeover battle for Hipgnosis	Apr. 29	RE
Blackstone Prepares Better Offer for Hipgnosis Songs Fund	Apr. 29	MT
Blackstone to make improved bid for Hipgnosis, Sky News reports	Apr. 28	RE
BLACKSTONE IS PREPARING TO LODGE AN IMPROVED BID FOR HIPGNOSIS S…	Apr. 28	RE
Blackstone Advises Hipgnosis Shareholders to Take No Action after Rival Makes Higher Offer	Apr. 25	MT

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Company Profile

Hipgnosis Songs Fund Limited is a Guernsey-based investment company. The Company is focused on building a diversified portfolio by acquiring catalogs that are built around hit songs. The Companyâs investment objective is to 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. Its investment policy is to diversify risk through investment in a portfolio of songs and associated musical intellectual property rights. It seeks to acquire 100% of a songwriterâs copyright interest in each song, which would comprise their writerâs share, their publisherâs share and their performance rights. Its subsidiaries include Hipgnosis Holdings UK Limited, Hipgnosis SFH I Limited, RubyRuby (London) Limited, Hipgnosis Songs Group LLC, PB Songs Ltd and Hipgnosis SFH XX Limited. Hipgnosis Song Management Ltd (HSM) acts as the Companyâs investment adviser.

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Calendar

2024-07-02 - Q4 2024 Earnings Release (Projected)

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HOLD

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1.006

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