Hipgnosis Songs Fund Limited Director/PDMR Shareholding (0992W)

TIDMSONG

RNS Number : 0992W

Hipgnosis Songs Fund Limited

13 August 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 Sutch, a Director of the Company, has acquired 452 Ordinary Shares in the Company following the automatic reinvestment of dividend proceeds. Following this transaction, Mr Sutch holds a total of 45,050 Ordinary Shares, which equates to 0.005% of the issued share capital.

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                                       Andrew Sutch 
     -----------------------------------------  ------------------------------------------------ 
 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) 
                                                   GBP1.2208                   452 
     -----------------------------------------  ---------------------------  ------------------- 
 d)   Aggregated information 
       - Aggregated volume                         452 
       - Price                                     GBP1.2208 
       - Principal amount                          GBP551.80 
     -----------------------------------------  ------------------------------------------------ 
 e)   Date of the transaction                    12 August 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 / Jérémie Birnbaum 
    (Corporate Finance) 
    James Bouverat (Sales) 
   Ocorian - Company Secretary & Administrator       Tel: +44 (0) 1481 742614 
    Mariana Enevoldsen 
   The Outside Organisation                          Tel: +44 (0)7711 081 
    Alan Edwards / Nick Caley                         843 
   FTI Consulting                                    Tel: +44 (0)7771 978220; 
    Neil Doyle / Paul Harris / Laura Ewart            +44 (0)7809 411882; 
                                                      +44 (0)7761 332646 
   All US music publicity enquiries                  Tel: +1 917 767 5255 
    Fran Defeo 
 
 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 GBP860 
  million (gross equity capital) through its Initial Public Offering 
  on 11 July 2018, and subsequent issues in April 2019, August 
  2019, October 2019 and July 2020. 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, 
  Rodney Jerkins, Bjorn Lindvall and Chris Helm.

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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