Hipgnosis Songs Fund Limited Director/PDMR Shareholding (5580M)
May 12 2020 - 2:00AM
UK Regulatory
TIDMSONG
RNS Number : 5580M
Hipgnosis Songs Fund Limited
12 May 2020
12 May 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 Paul Burger,
a Director of the Company, has acquired 1,770 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)
GBP1.02 1,770
------------------------------------ -------------------- -------------------
d) Aggregated information
- Aggregated volume 1,770
- Price GBP1.02
- Principal amount GBP1,805.40
------------------------------------ -----------------------------------------
e) Date of the transaction 7 May 2020
------------------------------------ -----------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
------------------------------------ -----------------------------------------
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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