Round Hill Music Royalty Fund Ltd Holding(s) in Company (9425Z)
19 May 2023 - 4:00PM
UK Regulatory
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
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