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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Round Hill Music Royalty Fund Limited | LSE:RHMP | London | Ordinary Share | GG00BMXNVC81 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 93.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRHM
RNS Number : 9425Z
Round Hill Music Royalty Fund Ltd
19 May 2023
19 May 2023
LEI: 213800752UO1CJTV8C39
Round Hill Music Royalty Fund Limited
("Round Hill Music" or the "Company")
Purchase of Shares by Joshua Gruss
Round Hill Music (LSE: RHM) confirms that, following the publication of the Company's annual financial results for the period ended 31 December 2022, Joshua Gruss, the Chief Executive Officer of Round Hill Music L.P., the Investment Manager of the Company, and entities beneficially owned by Mr. Gruss and his family members, have acquired a further 14,690,000 Ordinary Shares in the capital of the Company.
Following these purchases, as at 15 May 2023, Mr. Gruss, along with the entities beneficially owned by Mr. Gruss and his family members, now own a total of 25,827,999 Ordinary Shares, representing 6.3% of the entire issued share capital of the Company.
FOR FURTHER INFORMATION
Round Hill Music LP Josh Gruss, Founder and Via Fourth Pillar below CEO Steve Clark, COO Cenkos Sales: Justin Zawoda-Martin +44 20 7397 1923 Daniel Balabanoff +44 20 7397 1909 Andrew Worne +44 20 7397 1912 Corporate: James King +44 20 7397 1913 Will Talkington +44 20 7397 1910 Fourth Pillar (Financial PR) Claire Turvey +44 7850 548 198 / claire@thefourthpillar.co.uk Lynne Best +44 7763 619709 / lynne@thefourthpillar.co.uk Tomas Nevrkla +44 7963 548865 / tomas@thefourthpillar.co.uk JTC Mariana Enevoldsen +44 1481 702 485
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.
[1] Includes net recoupable advances to songwriters of US$3.8 million.
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(END) Dow Jones Newswires
May 19, 2023 02:00 ET (06:00 GMT)
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