Hipgnosis Songs Fund Limited Director/PDMR Shareholding (7337L)
14 September 2021 - 8:30PM
UK Regulatory
TIDMSONG
RNS Number : 7337L
Hipgnosis Songs Fund Limited
14 September 2021
14 September 2021
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 622 ordinary shares
in the Company ("Ordinary Shares") following the automatic
reinvestment of dividend proceeds. Following this transaction, Mr
Sutch holds a total of 60,057 Ordinary Shares, which equates to
0.006% of the issued share capital.
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 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 financial HIPGNOSIS SONGS FUND LIMITED, ORDINARY
instrument, type of SHARES
instrument
Identification code GG00BFYT9H72
---------------------------------- ------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
---------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
124.106 pence 622
---------------------------------- ------------------------- ---------------
d) Aggregated information
- Aggregated volume 622
- Price 124.106 pence
- Principal amount GBP771.94
---------------------------------- ------------------------------------------
e) Date of the transaction 13 September 2021 (with settlement date
being 15 September 2021)
---------------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
---------------------------------- ------------------------------------------
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481
Merck Mercuriadis 742742
Singer Capital Markets - Joint Corporate Broker Tel: +44 (0)20
James Maxwell / James Moat / Amanda Gray / 7496 3000
Alaina Wong (Corporate Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
J.P. Morgan Cazenove - Joint Corporate Broker Tel: +44 (0)20
William Simmonds / Jérémie Birnbaum 7742 4000
(Corporate Finance)
James Bouverat (Sales)
RBC Capital Markets - Joint Corporate Broker Tel: +44 (0)20
Elliot Thomas / Max Avison (Corporate Finance) 7635 4000
Lisa Tugwell / Adam Robertson (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 28
Lorna Zimny 9693 0222
The Outside Organisation Tel: +44 (0)7711
Alan Edwards / Nick Caley 081 843
FTI Consulting Tel: +44 (0)7771
Neil Doyle/ Paul Harris/ Laura Ewart 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
( www.hipgnosissongs.com )
Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey
registered investment trust 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 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, David A. Stewart,
Poo Bear, Bill Leibowitz, Ian Montone and Rodney Jerkins.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBGGDCIDBDGBS
(END) Dow Jones Newswires
September 14, 2021 06:30 ET (10:30 GMT)
Hipgnosis Songs (LSE:SONG)
Historical Stock Chart
From Apr 2024 to May 2024
Hipgnosis Songs (LSE:SONG)
Historical Stock Chart
From May 2023 to May 2024