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Hipgnosis Songs Fund Limited
Director's Dealing • Nov 14, 2022
6274_dirs_2022-11-14_066c4603-3a41-4b5d-86a0-e54a11d25df9.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3502G
Hipgnosis Songs Fund Limited
14 November 2022
14 November 2022
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 938 ordinary shares in the Company ("Ordinary Shares") following the automatic re-investment of dividend. Following this transaction, Mr. Sutch holds a total of 62,993 Ordinary 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 | |
| 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) 85.9 pence |
Volume(s) 938 |
| d) | Aggregated information - Aggregated volume - Price - Principal amount |
938 85.9p £806.10 |
|
| e) | Date of the transaction | 11 November 2022 | |
| f) | Place of the transaction | London Stock Exchange, Main Market |
| For further information please contact: Hipgnosis Song Management Merck Mercuriadis Chris Helm Giles Croot (Media) Rufina Pavry (Investors) |
+44 (0)20 4542 1511 +44 (0)20 4542 1530 |
| Singer Capital Markets - Joint Corporate Broker James Moat / James Maxwell / Alex Emslie (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales) |
+44 (0)20 7496 3000 |
| J.P. Morgan Cazenove - Joint Corporate Broker William Simmonds / Jérémie Birnbaum (Corporate Finance) James Bouverat (Sales) |
+44 (0)20 7742 4000 |
| RBC Capital Markets - Joint Corporate Broker Elliot Thomas / Max Avison (Corporate Finance) Lisa Tugwell / Anastasia Mikhailova (Sales) |
+44 (0)20 7635 4000 |
| Ocorian - Company Secretary & Administrator Lorna Zimny |
+44 (0) 28 9693 0222 |
| The Outside Organisation Alan Edwards / Nick Caley |
+44 (0)7711 081 843 |
| FTI Consulting Neil Doyle / Paul Harris / Laura Ewart |
+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
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 almost £1.3 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, September 2020, February 2021 and July 2021. 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, and in March 2020 became a constituent of the FTSE 250 Index. Since April 2021, the Company has been resident in the UK for tax purposes and is recognised as an investment trust under applicable HMRC regulations.
About Hipgnosis Song Management Limited
The Hipgnosis Songs Fund's Investment Adviser is Hipgnosis Song Management 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 Hipgnosis Song Management Limited Advisory Board include Nile Rodgers, The-Dream, Giorgio Tuinfort, Starrah, David A. Stewart, Poo Bear, Bill Leibowitz, Ian Montone and Rodney Jerkins.
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