REG - Hipgnosis Songs Fund - Director/PDMR Shareholding

Hipgnosis Songs FundAnnouncement

12/05/2020 07:01

RNS Number : 5580M
  
Hipgnosis Songs Fund Limited
  
12 May 2020
  
 

12 May 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 1,770 ordinary shares in the Company ("Ordinary Shares"). 
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 
 


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)

£1.02


Volume(s)
1,770




d) 
 


Aggregated information 
- Aggregated volume 
- Price
- Principal amount
 


 
1,770
£1.02
£1,805.40




e) 
 


Date of the transaction
 


7 May 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 / Ed Murray / Jérémie Birnbaum (Corporate Finance)
James Bouverat / Eddie Nissen (Sales)
 


Tel: +44 (0)20 7742 4000


 




 


The Outside Organisation
Alan Edwards / Nick Caley
 


Tel: +44 (0)7711 081 843


 




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. The Company has raised a total of over £625 million (gross equity capital) through its Initial Public Offering on 11 July 2018, and subsequent issues in April 2019, August 2019 and October 2019. 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 and Jason Flom.
 












































 


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