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Hipgnosis Songs fund Ltd (SONG) Ord NPV

Sell:100.20p Buy:100.60p 0 Change: 0.40p (0.40%)
FTSE 250:0.07%
Market closed Prices as at close on 12 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Miscellaneous

Hipgnosis Songs fund Ltd Ord NPV

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 27 Jun 2024)

Lyra Bidco Limited have made an offer to buy Hipgnosis Songs fund Ltd for USD1.31 in cash per share.

 

Sterling option

 

If the takeover goes ahead, the cash will be received in US Dollars and converted to Sterling upon receipt subject to the prevailing exchange rate at the time and our standard currency conversion fee of 1%.

 

If you do not want HL to do the conversion, you can elect to receive the cash directly in Sterling.

 

The amount you will receive will be based on the average market exchange rate obtained by the company over one or more business days around the effective date, less any transaction and dealing costs associated with the conversion. We’ll be unable to confirm the exact rate that you will receive and whether this option will be more favourable.

 

Elect to receive the takeover proceeds directly in Sterling – Act by noon on Wednesday 24 July 2024

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:100.20p
Buy:100.60p
Change: 0.40p (0.40%)
Market closed Prices as at close on 12 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Miscellaneous

Hipgnosis Songs fund Ltd Ord NPV

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 27 Jun 2024)

Lyra Bidco Limited have made an offer to buy Hipgnosis Songs fund Ltd for USD1.31 in cash per share.

 

Sterling option

 

If the takeover goes ahead, the cash will be received in US Dollars and converted to Sterling upon receipt subject to the prevailing exchange rate at the time and our standard currency conversion fee of 1%.

 

If you do not want HL to do the conversion, you can elect to receive the cash directly in Sterling.

 

The amount you will receive will be based on the average market exchange rate obtained by the company over one or more business days around the effective date, less any transaction and dealing costs associated with the conversion. We’ll be unable to confirm the exact rate that you will receive and whether this option will be more favourable.

 

Elect to receive the takeover proceeds directly in Sterling – Act by noon on Wednesday 24 July 2024

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:100.20p
Buy:100.60p
Change: 0.40p (0.40%)
Market closed Prices as at close on 12 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Miscellaneous

Hipgnosis Songs fund Ltd Ord NPV

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 27 Jun 2024)

Lyra Bidco Limited have made an offer to buy Hipgnosis Songs fund Ltd for USD1.31 in cash per share.

 

Sterling option

 

If the takeover goes ahead, the cash will be received in US Dollars and converted to Sterling upon receipt subject to the prevailing exchange rate at the time and our standard currency conversion fee of 1%.

 

If you do not want HL to do the conversion, you can elect to receive the cash directly in Sterling.

 

The amount you will receive will be based on the average market exchange rate obtained by the company over one or more business days around the effective date, less any transaction and dealing costs associated with the conversion. We’ll be unable to confirm the exact rate that you will receive and whether this option will be more favourable.

 

Elect to receive the takeover proceeds directly in Sterling – Act by noon on Wednesday 24 July 2024

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

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 Company’s 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 songwriter’s copyright interest in each song, which would comprise their writer’s share, their publisher’s 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 Company’s investment adviser.

Important dates

Future events
There are no future events available.
Past events
General meeting 08 July 2024 08/07/24
EGM 07 February 2024 07/02/24
Interim results 21 December 2023 21/12/23
Interim results 19 December 2023 19/12/23
Interim dividend payment date 27 October 2023 27/10/23
AGM 26 October 2023 26/10/23
EGM 26 October 2023 26/10/23
Interim ex-dividend date 28 September 2023 28/09/23
Interim dividend payment date 28 July 2023 28/07/23
Quarterly dividend payment date 28 July 2023 28/07/23

General stock information

EPIC:
SONG
ISIN:
GG00BFYT9H72
Market cap:
£1.22 billion
Shares in issue:
1.21 billion
Sector:
No specific Industry
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE 250,FTSE 350,FTSE All Share

Contact details

Address:
Floor 2, Trafalgar Court, Les Banques
PO Box 286
SAINT PETER PORT
GY1 4LY
Guernsey
Telephone:
+44 (01481) 716000
Website:
https://www.hipgnosissongs.com

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.