Last checked at 
16 Dec 2019 15:11
16 December 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 Andrew Sutch, a Director of the Company, has acquired 230 ordinary shares in the Company ("Ordinary Shares") following the automatic reinvestment of dividend proceeds. Following this transaction, Mr Sutch holds a total of 10,320 Ordinary Shares and 20,000 C Shares which equates to 0.005% of the issued share capital.
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 /Amendment
| Initial Notification | |
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 instrument, type of instrument
Identification code
| HIPGNOSIS SONGS FUND LIMITED, ORDINARY SHARES
GG00BFYT9H72
| |
b)
| Nature of the transaction
| Purchase of Ordinary Shares | |
c)
| Price(s) and volume(s)
| Price(s)£1.0825 | Volume(s) 230 |
d)
| Aggregated information - Aggregated volume - Price - Principal amount
|
230 £1.0825 £248.98 | |
e)
| Date of the transaction
| 12 December 2019 | |
f)
| Place of the transaction
| London Stock Exchange, Main Market | |
For further information, please contact:
The Family (Music) Limited Merck Mercuriadis
| Tel: +44 (0)1481 742742 |
N+1 Singer - Joint Corporate Broker James Maxwell / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)
| Tel: +44 (0)20 7496 3000 |
J.P. Morgan Cazenove - Joint Corporate Broker William Simmonds / Ed Murray / Jérémie Birnbaum (Corporate Finance) James Bouverat / Eddie Nissen (Sales)
| Tel: +44 (0)20 7742 4000 |
The Outside Organisation Alan Edwards / Nick Caley | Tel: +44 (0)7711 081 843 |
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 £625 million (gross equity capital) through its Initial Public Offering on 11 July 2018, and subsequent issues in April 2019, August 2019 and October 2019. 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.
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, Nick Jarjour, David Stewart, Bill Leibowitz, Ian Montone and Jason Flom.