TIDMSONG

RNS Number : 2547J

Hipgnosis Songs Fund Limited

14 August 2023

LEI: 213800XJIPNDVKXMOC11

14 August 2023

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 1,071 ordinary shares in the Company ("Ordinary Shares") following the automatic reinvestment of dividend proceeds. Following this transaction, Mr Sutch holds a total of 65,996 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                             Initial Notification 
         /Amendment 
       -----------------------------------------------  ------------------------------------------ 
 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                     HIPGNOSIS SONGS FUND LIMITED, ORDINARY 
         instrument, type of                              SHARES 
         instrument 
 
         Identification code                              GG00BFYT9H72 
       -----------------------------------------------  ------------------------------------------ 
 b)     Nature of the transaction                        Reinvestment of dividend proceeds 
       -----------------------------------------------  ------------------------------------------ 
 c)     Price(s) and volume(s)                           Price(s)                   Volume(s) 
                                                           79.5009 pence             1,071 
       -----------------------------------------------  -------------------------  --------------- 
 d)     Aggregated information 
         - Aggregated volume                              1,071 
         - Price                                           79.5009 pence 
         - Principal amount                                GBP851.45 
       -----------------------------------------------  ------------------------------------------ 
 e)     Date of the transaction                          11 August 2023 
-----  -----------------------------------------------  ------------------------------------------ 
 f)     Place of the transaction                         London Stock Exchange, Main Market 
       -----------------------------------------------  ------------------------------------------ 
 
 
   For more information: 
    For further information please contact: 
     Hipgnosis Song Management 
     Merck Mercuriadis 
     Chris Helm 
     Giles Croot (Media)                                                 +44 (0)20 4542 1511 
     Rufina Pavry (Investors )                                           +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 / Natalia Lipecka (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 
    Headland Consultancy 
     Susanna Voyle / Del Jones / Charlie Twigg                          +44 (0) 20 3805 4822 
    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 GBP1.3 
   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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August 14, 2023 07:29 ET (11:29 GMT)

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