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Hipgnosis Songs Fund (SONG)

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Wednesday 12 December, 2018

Hipgnosis Songs Fund

Director/PDMR Shareholding

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 /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)
£1.07478

Volume(s)

45

d)

 

Aggregated information

- Aggregated volume

- Price

- Principal amount

 

 

45

£1.07478

£48.37

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

Merck Mercuriadis

 

Tel: +44 (0)1481 742742

N+1 Singer

James Maxwell / James Moat (Corporate Finance)

Alan Geeves / James Waterlow / Sam Greatrex (Sales)

 

Tel: +44 (0)20 7496 3000

The Outside Organisation

Alan Edwards / Nick Caley

Tel: +44 (0)207 436 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 £200m 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 [email protected] or visit www.rns.com.
 
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