Hipgnosis Songs Fund Limited Director/PDMR Shareholding (7337L)

TIDMSONG

RNS Number : 7337L

Hipgnosis Songs Fund Limited

14 September 2021

14 September 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 622 ordinary shares in the Company ("Ordinary Shares") following the automatic reinvestment of dividend proceeds. Following this transaction, Mr Sutch holds a total of 60,057 Ordinary Shares, which equates to 0.006% 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 
     ----------------------------------  ------------------------------------------ 
 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) 
                                           124.106 pence              622 
     ----------------------------------  -------------------------  --------------- 
 d)   Aggregated information 
       - Aggregated volume                 622 
       - Price                              124.106 pence 
       - Principal amount                   GBP771.94 
     ----------------------------------  ------------------------------------------ 
 e)   Date of the transaction             13 September 2021 (with settlement date 
                                           being 15 September 2021) 
     ----------------------------------  ------------------------------------------ 
 f)   Place of the transaction            London Stock Exchange, Main Market 
     ----------------------------------  ------------------------------------------ 
 

For further information, please contact:

 
 The Family (Music) Limited                         Tel: [phone] 
  Merck Mercuriadis                                  742742 
 Singer Capital Markets - Joint Corporate Broker    Tel: +44 (0)20 
  James Maxwell / James Moat / Amanda Gray /         7496 3000 
  Alaina Wong (Corporate Finance) 
  Alan Geeves / James Waterlow / Sam Greatrex 
  (Sales) 
 J.P. Morgan Cazenove - Joint Corporate Broker      Tel: +44 (0)20 
  William Simmonds / Jérémie Birnbaum      7742 4000 
  (Corporate Finance) 
  James Bouverat (Sales) 
 RBC Capital Markets - Joint Corporate Broker       Tel: +44 (0)20 
  Elliot Thomas / Max Avison (Corporate Finance)     7635 4000 
  Lisa Tugwell / Adam Robertson (Sales) 
 Ocorian - Company Secretary & Administrator        Tel: +44 (0) 28 
  Lorna Zimny                                        9693 0222 
 The Outside Organisation                           Tel: [phone] 
  Alan Edwards / Nick Caley                          081 843 
 
   FTI Consulting                                     Tel: [phone] 
   Neil Doyle/ Paul Harris/ Laura Ewart               978220; +44 (0)7809 
                                                      411882; +44 (0)7761 
                                                      332646 
 All US music publicity enquiries 
  Fran Defeo                                        [phone] 
 

NOTES TO EDITORS

About Hipgnosis Songs Fund Limited

( www.hipgnosissongs.com )

Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey registered investment trust 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 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, Starrah, David A. Stewart, Poo Bear, Bill Leibowitz, Ian Montone and Rodney Jerkins.

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September 14, 2021 06:30 ET (10:30 GMT)