Hipgnosis Songs Fund Limited Director/PDMR Shareholding (1567O)

TIDMSONG

RNS Number : 1567O

Hipgnosis Songs Fund Limited

25 January 2019

Hipgnosis Songs Fund Limited

("Hipgnosis" or the "Company")

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)

The Company announces that it has been advised that Paul Burger, a Director of the Company, has acquired 15,000 ordinary shares in the Company ("Ordinary Shares").

Details of the transaction can be found in the Notification of Dealing Form below.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ----------------------------------------------------------------------------- 
 a)   Name                                Paul Burger 
     ----------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                     Director of the Company 
     ----------------------------------  ----------------------------------------- 
 b)   Initial notification                Initial Notification 
       /Amendment 
     ----------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                                Hipgnosis Songs Fund Limited 
     ----------------------------------  ----------------------------------------- 
 b)   LEI                                 213800XJIPNDVKXMOC11 
     ----------------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ----------------------------------------------------------------------------- 
 a)   Description of the                  HIPGNOSIS SONGS FUND LIMITED, ORDINARY 
       financial instrument,               SHARES 
       type of instrument 
 
       Identification code                 GG00BFYT9H72 
     ----------------------------------  ----------------------------------------- 
 b)   Nature of the transaction           Purchase of Ordinary Shares 
     ----------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)                 Volume(s) 
                                            GBP1.0800               15,000 
     ----------------------------------  -----------------------  ---------------- 
 d)   Aggregated information 
       - Aggregated volume                  15,000 
       - Price                              GBP1.0800 
       - Principal amount                   GBP16,200 
     ----------------------------------  ----------------------------------------- 
 e)   Date of the transaction             24 January 2019 
     ----------------------------------  ----------------------------------------- 
 f)   Place of the transaction            London Stock Exchange, Specialist Fund 
                                           Segment 
     ----------------------------------  ----------------------------------------- 
 
 
 For further information, please contact: 
   The Family (Music) Limited                     Tel: +44 (0)1481 742742 
    Merck Mercuriadis 
   N+1 Singer                                     Tel: +44 (0)20 7496 
    James Maxwell / James Moat (Corporate          3000 
    Finance) 
    Alan Geeves / James Waterlow / Sam Greatrex 
    (Sales) 
   The Outside Organisation                       Tel: +44 (0)207 436 
    Alan Edwards / Nick Caley                      3633 
  NOTES TO EDITORS 
  About Hipgnosis Songs Fund Limited 
  (www.hipgnosissongs.com) 
  Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey 
  registered investment company established to offer investors 
  a pure-play exposure to songs and associated musical intellectual 
  property rights. In its Initial Public Offering on the Specialist 
  Fund Segment of the London Stock Exchange's main market on 11 
  July 2018, the Company raised approximately GBP200m gross equity 
  capital. 
 
  About The Family (Music) Limited 
 
  The Company's Investment Adviser is The Family (Music) Limited, 
  which was founded by Merck Mercuriadis, former manager of globally 
  successful recording artists, such as Elton John, Guns N' Roses, 
  Morrissey, Iron Maiden and Beyoncé, and hit songwriters 
  such as Diane Warren, Justin Tranter and The-Dream, and former 
  CEO of The Sanctuary Group plc. The Investment Adviser has assembled 
  an Advisory Board of highly successful music industry experts 
  which include award winning members of the artist, songwriter, 
  publishing, legal, financial, recorded music and music management 
  communities, all with in-depth knowledge of music publishing. 
  Members of The Family (Music) Limited Advisory Board include 
  Nile Rodgers, The-Dream, Bill Leibowitz, Ian Montone, and Jason 
  Flom.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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