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Hipgnosis Songs Fund Limited
Director's Dealing • Oct 21, 2020
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 8424C
Hipgnosis Songs Fund Limited
21 October 2020
21 October 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 Paul Burger, a Director of the Company, has acquired 10,000 ordinary shares in the Company ("Ordinary Shares").
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 | Paul Burger | |
| 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) 118.89 pence 118.69 pence |
Volume(s) 8,400 1,600 |
| d) | Aggregated information - Aggregated volume - Price - Principal amount |
10,000 118.9 pence £11,885.80 |
|
| e) | Date of the transaction | 21 October 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 |
| RBC Capital Markets - Joint Corporate Broker Will Smith / Elliot Thomas / Lauren Davies (Corporate Finance) Lisa Tugwell (Sales) |
Tel: +44 (0)20 7635 4000 |
| Ocorian - Company Secretary & Administrator Mariana Enevoldsen |
Tel: +44 (0) 1481 742614 |
| 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 |
+1 917 767 5255 |
NOTES TO EDITORS
About Hipgnosis Songs Fund Limited
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 £1.05 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 and September 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, Rodney Jerkins, L.A. Reid, Bjorn Lindvall and Chris Helm.
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