Hipgnosis Songs Fund Limited Director/PDMR Shareholding (2971I)
April 13 2022 - 7:05AM
UK Regulatory
TIDMSONG
RNS Number : 2971I
Hipgnosis Songs Fund Limited
13 April 2022
13 April 2022
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 660 ordinary shares
in the Company ("Ordinary Shares") following the automatic
reinvestment of dividend proceeds. Following this transaction, Mr
Sutch holds a total of 61,328 Ordinary Shares, which equates to
0.006% 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 Chairman 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)
119.3971 pence 660
------------------------------- -------------------------- -------------
d) Aggregated information
- Aggregated volume 660
- Price 119.3971p
- Principal amount GBP788.02
------------------------------- -----------------------------------------
e) Date of the transaction 12 April 2022
------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
------------------------------- -----------------------------------------
For further information, please contact:
Hipgnosis Song Management Limited (formerly Tel: +44 (0)1481 742742
The Family (Music) Limited)
Merck Mercuriadis
Singer Capital Markets - Joint Corporate Tel: +44 (0)20 7496
Broker 3000
James Maxwell / James Moat / Amanda
Gray (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 almost GBP1.3
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, February 2021 and July
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. Since April 2021, the Company has been resident in the
UK for tax purposes and is recognised as an investment trust under
applicable HMRC regulations.
About Hipgnosis Song Management Limited (formerly The Family
(Music) Limited)
The Company's Investment Adviser is Hipgnosis Song Management
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 Hipgnosis Song Management Limited Advisory Board include
Nile Rodgers, The-Dream, Giorgio Tuinfort, Starrah, David A.
Stewart, Poo Bear, Bill Leibowitz, Ian Montone and Rodney
Jerkins.
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