Hipgnosis Songs Fund Limited Director/PDMR Shareholding (2786H)
March 23 2020 - 1:03PM
UK Regulatory
TIDMSONG
RNS Number : 2786H
Hipgnosis Songs Fund Limited
23 March 2020
23 March 2020
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 Andrew
Wilkinson, a Director of the Company, has acquired 16,666 Ordinary
Shares in the Company, at a price of 90 pence per share. Following
this transaction, Mr Wilkinson holds a total of 51,462 Ordinary
Shares, which equates to 0.008% of the issued share capital.
Details of this transaction can be found in the Notification of
Dealing Form below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
---------------------------------------------------------------------------------------------
a) Name Andrew Wilkinson
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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 financial HIPGNOSIS SONGS FUND LIMITED, ORDINARY SHARES
instrument, type of
instrument
GG00BFYT9H72
Identification code
------------------------------------------- ------------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.90 16,666
------------------------------------------- ----------------------- -----------------------
d) Aggregated information
- Aggregated volume 16,666
- Price GBP0.90
- Principal amount GBP14,999.40
------------------------------------------- ------------------------------------------------
e) Date of the transaction 20 March 2020
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f) Place of the transaction London Stock Exchange, Main Market
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For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer - Joint Corporate Broker Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate Finance) 3000
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
J.P. Morgan Cazenove - Joint Corporate Tel: +44 (0)20 7742
Broker 4000
William Simmonds / Ed Murray / Jérémie
Birnbaum (Corporate Finance)
James Bouverat / Eddie Nissen (Sales)
The Outside Organisation Tel: +44 (0)7711 081
Alan Edwards / Nick Caley 843
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. The Company has raised a total of over GBP625
million (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019
and October 2019. In September 2019, Hipgnosis transferred its
entire issued share capital to the Premium listing segment of the
Official List of the FCA and to the London Stock Exchange's Premium
segment of the Main Market.
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, Giorgio Tuinfort, Starrah, Nick Jarjour, David
Stewart, 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.
END
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