27 Jun 2018

Announcement of Intention to Float


Hipgnosis Songs Fund Limited (“Hipgnosis” or the "Company"), the first investment company to be admitted to trading on the main market of the London Stock Exchange offering pure-play exposure to Songs and associated musical intellectual property rights, is pleased to announce its intention to seek admission to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange plc (“Admission”) and an associated fund-raising targeting approximately £200 million by way of a placing and offer for subscription of Ordinary Shares (the “Issue”). The Company aims to provide investors with an attractive and growing level of income and capital growth through acquiring Songs and associated copyrights.