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Share Name Share Symbol Market Type Share ISIN Share Description
Hipgnosis Song. LSE:SONG London Ordinary Share GG00BFYT9H72 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 104.00p 103.00p 105.00p 104.00p 104.00p 104.00p 45,481 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 354.56

Hipgnosis Songs Fund Limited Director/PDMR Shareholding

17/04/2019 2:55pm

UK Regulatory (RNS & others)


Hipgnosis Song. (LSE:SONG)
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TIDMSONG

RNS Number : 5310W

Hipgnosis Songs Fund Limited

17 April 2019

17 April 2019

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, certain Directors of the Company have acquired ordinary shares in the Company ("Ordinary Shares") under the Placing, at a price of 102 pence per share, as announced on 12 April 2019.

Details of the Directors who participated in the Placing are as follows:

 
 Director            Number of Ordinary       Total interest in 
                       Shares acquired     Ordinary Shares following 
                                               this notification 
 Simon Holden              20,000                   35,000 
 Andrew Wilkinson          10,000                   25,000 
 Paul Burger               7,500                    22,500 
 

In addition, certain management and employees of the Investment Adviser, The Family (Music) Limited, acquired Ordinary Shares under the Placing, at a price of 102 pence per share, including Merck Mercuriadis, CEO of the Investment Adviser, who acquired 100,000 Ordinary Shares.

Unless otherwise defined, capitalised terms in this announcement shall have the meaning given to them in the Prospectus.

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                                   Simon Holden 
     -------------------------------------  ----------------------------------------- 
 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) 
                                               GBP1.02               20,000 
     -------------------------------------  ---------------------  ------------------ 
 d)   Aggregated information 
       - Aggregated volume                     20,000 
       - Price                                 GBP1.02 
       - Principal amount                      GBP20,400 
     -------------------------------------  ----------------------------------------- 
 e)   Date of the transaction                17 April 2019 
     -------------------------------------  ----------------------------------------- 
 f)   Place of the transaction               London Stock Exchange, Specialist Fund 
                                              Segment 
     -------------------------------------  ----------------------------------------- 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     -------------------------------------------------------------------------------- 
 a)   Name                                   Paul Burger 
     -------------------------------------  ----------------------------------------- 
 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) 
                                               GBP1.02               7,500 
     -------------------------------------  ---------------------  ------------------ 
 d)   Aggregated information 
       - Aggregated volume                     7,500 
       - Price                                 GBP1.02 
       - Principal amount                      GBP7,650 
     -------------------------------------  ----------------------------------------- 
 e)   Date of the transaction                17 April 2019 
---  -------------------------------------  ----------------------------------------- 
 f)   Place of the transaction               London Stock Exchange, Specialist Fund 
                                              Segment 
     -------------------------------------  ----------------------------------------- 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     -------------------------------------------------------------------------------- 
 a)   Name                                   Andrew Wilkinson 
     -------------------------------------  ----------------------------------------- 
 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) 
                                               GBP1.02               10,000 
     -------------------------------------  ---------------------  ------------------ 
 d)   Aggregated information 
       - Aggregated volume                     10,000 
       - Price                                 GBP1.02 
       - Principal amount                      GBP10,200 
     -------------------------------------  ----------------------------------------- 
 e)   Date of the transaction                17 April 2019 
     -------------------------------------  ----------------------------------------- 
 f)   Place of the transaction               London Stock Exchange, Specialist Fund 
                                              Segment 
     -------------------------------------  ----------------------------------------- 
 
 
 For further information, please contact: 
   The Family (Music) Limited                     Tel: +44 (0)1481 742742 
    Merck Mercuriadis 
   N+1 Singer                                     Tel: +44 (0)20 7496 
    James Maxwell / James Moat (Corporate          3000 
    Finance) 
    Alan Geeves / James Waterlow / Sam Greatrex 
    (Sales) 
   The Outside Organisation                       Tel: +44 (0)207 436 
    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. In its Subsequent Placing under its Placing Programme 
  on 12 April 2019, the Company raised approximately GBP140m of 
  further 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, Giorgio Tuinfort, 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 rns@lseg.com or visit www.rns.com.

END

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April 17, 2019 09:55 ET (13:55 GMT)

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