Hipgnosis Songs Fund Limited Director/PDMR Shareholding (3094K)

TIDMSONG

RNS Number : 3094K

Hipgnosis Songs Fund Limited

12 December 2018

12 December 2018

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 45 ordinary shares in the Company ("Ordinary Shares") following the automatic reinvestment of dividend proceeds.

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                 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) 
                                           GBP1.07478              45 
     ---------------------------------  -----------------------  ---------------- 
 d)   Aggregated information 
       - Aggregated volume                 45 
       - Price                             GBP1.07478 
       - Principal amount                  GBP48.37 
     ---------------------------------  ----------------------------------------- 
 e)   Date of the transaction            10 December 2018 
     ---------------------------------  ----------------------------------------- 
 f)   Place of the transaction           London Stock Exchange, Specialist Fund 
                                          Segment 
     ---------------------------------  ----------------------------------------- 
 
 
 For further information, please contact: 
   The Family (Music) Limited                     Tel: [phone] 
    Merck Mercuriadis 
   N+1 Singer                                     Tel: [phone] 
    James Maxwell / James Moat (Corporate          3000 
    Finance) 
    Alan Geeves / James Waterlow / Sam Greatrex 
    (Sales) 
   The Outside Organisation                       Tel: [phone] 
    Alan Edwards / Nick Caley                      3633 
  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. In its Initial Public 
  Offering on the Specialist Fund Segment 
  of the London Stock Exchange's main 
  market on 11 July 2018, the Company 
  raised approximately GBP200m gross equity 
  capital. 
 
  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, Bill 
  Leibowitz, Ian Montone, and Jason Flom. 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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December 12, 2018 11:50 ET (16:50 GMT)