Hipgnosis Songs Fund Limited Director/PDMR Shareholding (1475S)
March 12 2021 - 8:47AM
UK Regulatory
TIDMSONG
RNS Number : 1475S
Hipgnosis Songs Fund Limited
12 March 2021
12 March 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 507 ordinary shares
in the Company ("Ordinary Shares") following the automatic
reinvestment of dividend proceeds. Following this transaction, Mr
Sutch holds a total of 50,624 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
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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)
116.66 pence 507
---------------------------------- ------------------------ ---------------
d) Aggregated information
- Aggregated volume 507
- Price 116.66 pence
- Principal amount GBP591.47
---------------------------------- -----------------------------------------
e) Date of the transaction 11 March 2021 (with settlement date
being 15 March 2021)
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f) Place of the transaction London Stock Exchange, Main Market
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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 3000
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
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 GBP1.1
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.
About The Family (Music) Limited
The Company's Investment Adviser is The Family (Music) Limited,
which was founded by Merck Mercuriadis, manager or former manager
of globally successful recording artists, such as Nile Rodgers,
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, Björn Lindvall and Chris Helm.
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