Hipgnosis Songs Fund Limited Director/PDMR Shareholding (3094K)
13 December 2018 - 3:50AM
UK Regulatory
TIDMSONG
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 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 HIPGNOSIS SONGS FUND LIMITED, ORDINARY
financial instrument, SHARES
type of instrument
Identification code GG00BFYT9H72
--------------------------------- -----------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
--------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.07478 45
--------------------------------- ----------------------- ----------------
d) Aggregated information
- Aggregated volume 45
- Price GBP1.07478
- Principal amount GBP48.37
--------------------------------- -----------------------------------------
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 Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
The Outside Organisation Tel: +44 (0)207 436
Alan Edwards / Nick Caley 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 GBP200m 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 rns@lseg.com or visit www.rns.com.
END
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