Hipgnosis Songs Fund Limited Director/PDMR Shareholding (2477S)

TIDMSONG

RNS Number : 2477S

Hipgnosis Songs Fund Limited

13 July 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 727 ordinary shares in the Company ("Ordinary Shares") following the automatic reinvestment of dividend proceeds. Following this transaction, Mr Sutch holds a total of 62,055 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.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
     ------------------------------------------------------------------------- 
 a)   Name                            Andrew Sutch 
     ------------------------------  ----------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------- 
 a)   Position/status                 Chairman of the Company 
     ------------------------------  ----------------------------------------- 
 b)   Initial notification            Initial Notification 
       /Amendment 
     ------------------------------  ----------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                            Hipgnosis Songs Fund Limited 
     ------------------------------  ----------------------------------------- 
 b)   LEI                             213800XJIPNDVKXMOC11 
     ------------------------------  ----------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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) 
                                        109.147000 pence           727 
     ------------------------------  --------------------------  ------------- 
 d)   Aggregated information 
       - Aggregated volume             727 
       - Price                          109.1470p 
       - Principal amount               GBP793.50 
     ------------------------------  ----------------------------------------- 
 e)   Date of the transaction         12 July 2022 
     ------------------------------  ----------------------------------------- 
 f)   Place of the transaction        London Stock Exchange, Main Market 
     ------------------------------  -----------------------------------------

For more information:

 
Hipgnosis Song Management 
 Merck Mercuriadis 
 Giles Croot (Media)                                +44 (0)20 4542 1511 
 Rufina Pavry (Investors )                          +44 (0)20 4542 1530 
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 Broker     Tel: +44 (0)20 7742 
 William Simmonds / Jérémie Birnbaum     4000 
 (Corporate Finance) 
 James Bouverat (Sales) 
RBC Capital Markets - Joint Corporate Broker      Tel: +44 (0)20 7635 
 Elliot Thomas / Max Avison (Corporate Finance)    4000 
 Lisa Tugwell / Anastasia Mikhailova (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

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

The Hipgnosis Songs Fund'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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July 13, 2022 02:00 ET (06:00 GMT)

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