Hipgnosis Songs Fund Limited Director/PDMR Shareholding (5959I)

TIDMSONG

RNS Number : 5959I

Hipgnosis Songs Fund Limited

14 December 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 484 Ordinary Shares in the Company following the automatic reinvestment of dividend proceeds. Following this transaction, Mr Sutch holds a total of 45,534 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) 
                                                   GBP1.2082                   484 
     -----------------------------------------  ---------------------------  ------------------- 
 d)   Aggregated information 
       - Aggregated volume                         484 
       - Price                                     GBP1.2082 
       - Principal amount                          GBP584.77 
     -----------------------------------------  ------------------------------------------------ 
 e)   Date of the transaction                    11 December 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 
  Julian Carey                                    742742 
 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, and in March 2020 became a constituent of the FTSE 250 Index.

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 A. Stewart, Bill Leibowitz, Ian Montone, Rodney Jerkins, Bjorn Lindvall and Chris Helm.

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