Hipgnosis Songs Fund Limited Director/PDMR Shareholding (2892Y)

TIDMSONG

RNS Number : 2892Y

Hipgnosis Songs Fund Limited

11 May 2021

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 8,278 ordinary shares in the Company ("Ordinary Shares"). Following this transaction, Mr Sutch holds a total of 58,902 Ordinary Shares, which equates to 0.005% of the issued share capital.

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                                 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 
       instrument, type of                  SHARES 
       instrument 
 
       Identification code                  GG00BFYT9H72 
     -----------------------------------  ------------------------------------------ 
 b)   Nature of the transaction            Purchase of Ordinary Shares 
     -----------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)                  Volume(s) 
                                            120.8 pence               8,278 
     -----------------------------------  ------------------------  ---------------- 
 d) 
       Aggregated information 
        - Aggregated volume                 8,278 
        - Price                              120.8 pence 
        - Principal amount                   GBP9,999.82 
     -----------------------------------  ------------------------------------------ 
 e)   Date of the transaction              11 May 2021 (with settlement date being 
                                            13 May 2021) 
     -----------------------------------  ------------------------------------------ 
 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 / Amanda Gray         3000 
  (Corporate 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 
  Elliot Thomas / Max Avison / Lauren Davies 
  (Corporate Finance) 
  Lisa Tugwell (Sales) 
 Ocorian - Company Secretary & Administrator      Tel: +44 (0) 28 9693 
  Lorna Zimny                                      0222 
 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 GBP1.1 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, September 2020 and February 2021. 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. As of 1 April 2021, the Company is treated as being resident in the UK for tax purposes and is recognised as an investment trust under applicable HMRC regulations.

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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May 11, 2021 12:48 ET (16:48 GMT)

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