Hipgnosis Songs Fund Limited Director/PDMR Shareholding (8424C)

TIDMSONG

RNS Number : 8424C

Hipgnosis Songs Fund Limited

21 October 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 10,000 ordinary shares in the Company ("Ordinary Shares").

Details of the transactions 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) 
                                          118.89 pence             8,400 
                                         118.69 pence              1,600 
     --------------------------------  ------------------------  --------------- 
 d)   Aggregated information 
       - Aggregated volume               10,000 
       - Price                            118.9 pence 
       - Principal amount                 GBP11,885.80 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           21 October 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             3000 
  Finance) 
  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) 
 RBC Capital Markets - Joint Corporate             Tel: +44 (0)20 7635 
  Broker                                            4000 
  Will Smith / Elliot Thomas / Lauren Davies 
  (Corporate Finance) 
  Lisa Tugwell (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 
  Fran Defeo                                       +1 917 767 5255

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 GBP1.05 billion (gross equity capital) through its Initial Public Offering on 11 July 2018, and subsequent issues in April 2019, August 2019, October 2019, July 2020 and September 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, Rodney Jerkins, L.A. Reid, Bjorn Lindvall and Chris Helm.

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October 21, 2020 12:42 ET (16:42 GMT)

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