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Pin to quick picksHipgnosis Song. Share News (SONG)

Share Price Information for Hipgnosis Song. (SONG)

London Stock Exchange
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Share Price: 104.60
Bid: 104.60
Ask: 104.80
Change: -0.80 (-0.76%)
Spread: 0.20 (0.191%)
Open: 105.20
High: 105.20
Low: 103.80
Prev. Close: 105.40
SONG Live PriceLast checked at -
Hipgnosis Songs is an Investment Trust

To provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs and associated musical intellectual property rights.

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DIRECTOR DEALINGS SUMMARY: Smart Metering CEO Spends GBP2.5 Million

Thu, 19th Mar 2020 14:07

(Alliance News) - The follow is a round-up of share dealings by UK company directors and managers announced on Thursday and not separately reported by Alliance News:

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Smart Metering Systems PLC - Chief Executive Officer Alan Foy buys 408,615 shares at 606.63p and 615.28p, worth about GBP2.5 million, on Tuesday and Wednesday. Now holds 5.7 million shares, 5.1%.

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IWG PLC - Chief Executive Officer Mark Dixon buys 1.6 million shares at average GBP1.152, worth GBP1.8 million, on Wednesday. Dixon has bought 3.8 million shares, worth more than GBP5 million, so far this week.

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Greencore Group PLC - CEO Patrick Coveney buys 450,000 shares at GBP1.046, worth GBP470,700, on Wednesday.

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Inchcape PLC - Chief Financial Officer Gijsbert de Zoeten buys 23,575 shares at GBP4.39, worth GBP103,466, on Wednesday.

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Man Group PLC - Chief Operating Officer Robyn Grew buys 153,200 shares at 97.68p, worth GBP149,646, on Wednesday.

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Gamesys Group PLC - Executive Chair Neil Goulden buys 19,500 shares at GBP5.49, worth GBP107,055, on Wednesday. Now holds 125,00 shares, 0.1% of total.

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Residential Secure Income PLC - Directors of Residential Secure and its investment manager, including Alex Pilato, chief executive of ReSI Capital Management Ltd, buy 93,031 shares at 74.5p to 75.8p, worth about GBP70,000 on Tuesday to Wednesday.

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DX Group PLC - Executive Chair Ronald Series buys 70,000 shares at 7.00, worth GBP4,900, on Wednesday. Now holds 1.8 million shares, 0.3%.

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Lindsell Train Investment Trust PLC - Director Michael Lindsell buys 50 shares at GBP856.00, worth GBP42,800, on Tuesday. Director Charles Cazalet buys 25 shares at GBP940.00, worth GBP23,500, on Monday.

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Tribal Group PLC - Chair Richard Last buys 20,000 shares at GBP0.41, worth GBP8,200, on Wednesday.

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Shaftesbury PLC - Non-Executive Director Richard Akers buys 3,000 shares at GBP5.965, worth GBP17,895, on Wednesday.

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M&G PLC - Chair Mike Evans buys 51,627 shares at GBP0.9685, worth GBP49,652, on Wednesday.

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Standard Life Aberdeen PLC - CFO Stephanie Bruce buys 25,914 shares at 191.50p, worth GBP46,625, on Wednesday.

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ULS Technology PLC - Kestrel Partners LLP buys 92,042 shares at average GBP0.46933, worth GBP43,198, on Monday and Tuesday. Now holds 16.5 million shares, 25% of total. ULS Non-Executive Director Oliver Scott is a partner in Kestrel.

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Tungsten Corp PLC - Chair Tony Bromovsky buys 240,000 shares at 20.86p, worth GBP50,056, on Thursday.

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AB Dynamics PLC - CEO James Routh buys 2,213 shares at average 901.66p and Non-Executive Chair Tony Best buys 9,000 shares at 950.00, both on Thursday. Purchases together worth GBP10,545. Best is interested in 5.9 million shares in total, 26% of total.

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Hipgnosis Songs Fund Ltd - Director Sylvia Coleman buys 25,000 shares at GBP0.88, worth GBP22,000, on Wednesday. It is her entire holding. Executives of the company's investment adviser also purchase 9,512 shares.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
18 Mar 2024 14:16

Hipgnosis Songs Fund reduces net assets after accounting mishap

(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it had identified an error in its latest operative net asset value calculation.

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18 Mar 2024 09:30

SMALL-CAP WINNERS & LOSERS: abrdn Property Income takeover heats up

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4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

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4 Mar 2024 11:52

LONDON MARKET MIDDAY: Stocks mostly lower ahead of UK Spring budget

(Alliance News) - Stock prices in London were mostly lower at midday Monday, as the week started off on a quiet note ahead of a busy week of monetary policy decisions and economic data from across the globe.

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4 Mar 2024 10:50

Hipgnosis Songs Fund payout to stay on halt as portfolio value slashed

(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it will divert its free cashflow toward paying down debt and won't resume paying dividends "for the foreseeable future", as an independent study found a lower valuation for the company's portfolio.

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4 Mar 2024 09:52

Hipgnosis Songs Fund asset value falls on independent review

(Sharecast News) - Hipgnosis Songs Fund updated the market on ongoing strategic review on Monday, reporting a notable reduction in the company's fair value after a detailed report from Shot Tower Capital.

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4 Mar 2024 08:55

LONDON MARKET OPEN: Review cuts Hipgnosis Songs Fund valuation

(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

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26 Feb 2024 09:03

Hipgnosis Songs Fund plans to bring High Court claim against founder

(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said that it plans to bring a High Court claim against its founder, Merck Mercuriadis, after he refused to indemnify the company against liabilities.

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19 Feb 2024 10:17

Hipgnosis Songs Fund taking founder to court over indemnity

(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said that its request for an indemnity from its founder had been denied, prompting the company to pursue court action in pursuit of the full amount.

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7 Feb 2024 14:09

IN BRIEF: Hipgnosis Songs votes in favour of fee to potential bidders

Hipgnosis Songs Fund Ltd - London-based investor in music rights - Says 99.9% of shareholders vote in favour of a special resolution at its extraordinary general meeting. This was to enshrine payment of a fee, at the board's discretion, of up to GBP20 million to any prospective bidders who approach the board seeking to make an acquisition of Hipgnosis assets on terms recommendable to shareholders. The fee is intended to protect bidders against due diligence and acquisition costs so that they are "not deterred from seeking to engage with company" over a possible offer. Chair Robert Naylor says: "The board remains focused on the strategic review, under which it is looking at all options to deliver shareholder value. The board will update shareholders as to the outcome of due diligence in due course."

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6 Feb 2024 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Hipgnosis Songs Fund LtdEGM re payment of fee to prospective bidders
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Friday 9 February 
Kibo Energy PLCEGM re pre-emption rights for share issues
Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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5 Feb 2024 08:22

Hipgnosis Songs hires legal counsel to review claim against founder

(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it has appointed solicitors to review the claim made against its founder Merck Mercuriadis, Hipgnosis Songs Management and the company by Hipgnosis Music Ltd.

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5 Feb 2024 07:16

Hipgnosis Songs Fund seeking indemnity from founder

(Sharecast News) - Hipgnosis Songs Fund said in an update on Monday that it was looking for indemnity from its founder amid a legal battle with Hipgnosis Music.

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2 Feb 2024 09:30

Merck Mercuriadis replaced as chief of Hipgnosis Songs Management

(Alliance News) - Merck Mercuriadis is stepping down as chief executive of music royalties fund manager Hipgnosis Songs Management.

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23 Jan 2024 10:23

Hipgnosis Songs Fund adviser refuses to drop call option from deal

(Alliance News) - Hipgnosis Songs Fund Ltd on Tuesday said its investment adviser, Hipgnosis Songs Management Ltd, has refused its request to drop the call option from its investment advisory agreement.

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