Hipgnosis Songs Fund Limited has announced an agreement with Lyra Bidco Limited, a company indirectly owned by investment funds advised by Blackstone, for a recommended all-cash acquisition. The acquisition will be implemented through a Court-sanctioned scheme of arrangement under the Companies Law. The Scheme Document, including the full terms and conditions of the scheme, an explanatory statement, and an expected timetable of principal events, has been published and posted to shareholders. The Scheme requires approval from Scheme Shareholders at the Court Meeting and the General Meeting, both scheduled for July 8, 2024. The subsequent sanction of the Court and the satisfaction or waiver of outstanding conditions are also necessary for the Scheme to proceed. Shareholders are urged to cast their votes by the specified deadlines to ensure fair representation of their opinion.