Result of AGM

Round Hill Music Royalty Fund Ltd

13 June 2023

 

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	[phone]
Daniel Balabanoff	[phone]
Andrew Worne	[phone]
Corporate:
James King	[phone]
Will Talkington	[phone]
Fourth Pillar (Financial PR)
Claire Turvey	[phone] / [e-mail]
Lynne Best	[phone] / [e-mail]
Tomas Nevrkla JTC Mariana Enevoldsen	[phone] / [e-mail] [phone]

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.

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[1] Includes net recoupable advances to songwriters of US$3.8 million.

 

END