Hipgnosis Songs Fund Limited

Director's Dealing • Jul 20, 2020

National Storage Mechanism | Additional information

RNS Number : 4115T

Hipgnosis Songs Fund Limited

20 July 2020

20 July 2020

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 Wilkinson and Sylvia Coleman, Directors of the Company, have acquired 7,500 C shares and 6,000 C shares respectively in the Company ("C Shares") pursuant to the Placing announced on 10 July 2020.

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 Wilkinson
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 C Shares
c)	Price(s) and volume(s)	Price(s) 100p	Volume(s) 7,500
d)	Aggregated information - Aggregated volume - Price - Principal amount	7,500 100p £7,500
e)	Date of the transaction	15 July 2020
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sylvia Coleman
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 C Shares
c)	Price(s) and volume(s)	Price(s) 100p	Volume(s) 6,000
d)	Aggregated information - Aggregated volume - Price - Principal amount	6,000 100p £6,000
e)	Date of the transaction	15 July 2020
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 / Jérémie Birnbaum (Corporate Finance) James Bouverat (Sales)	Tel: +44 (0)20 7742 4000
	The Outside Organisation Alan Edwards / Nick Caley	Tel: +44 (0)7711 081 843
	FTI Consulting Neil Doyle / Paul Harris / Laura Ewart	Tel: +44 (0)7771 978220; +44 (0)7809 411882; +44 (0)7761 332646
	All US music publicity enquiries Fran Defeo	Tel: +1 917 767 5255
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 £860 million (gross equity capital) through its Initial Public Offering on 11 July 2018, and subsequent issues in April 2019, August 2019, October 2019 and July 2020. 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.

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