Hipgnosis Songs Fund Limited Correction of Director/PDMR Shareholding (4880Z)

TIDMSONG

RNS Number : 4880Z

Hipgnosis Songs Fund Limited

16 May 2023

The following amendment has been made to the Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs) announcement released on 15 May 2023 under RNS No. 4696Z

Aggregate shares held by the shareholder following the transaction was stated as 63,027 Ordinary Shares whereas it should have stated 64,925 Ordinary Shares.

All other details remain the same and the full amended text is shown below.

16 May 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 972 ordinary shares in the Company ("Ordinary Shares") following the automatic reinvestment of dividend proceeds. Following this transaction, Mr Sutch holds a total of 64,925 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          Purchase of Ordinary Shares 
     ---------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)                   Volume(s) 
                                           86.3186 pence             972 
     ---------------------------------  -------------------------  -------------- 
 d)   Aggregated information 
       - Aggregated volume                972 
       - Price                             86.3186 
       - Principal amount                  GBP839.02 
     ---------------------------------  ----------------------------------------- 
 e)   Date of the transaction            12 May 2023 
     ---------------------------------  ----------------------------------------- 
 f)   Place of the transaction           London Stock Exchange, Main Market 
     ---------------------------------  ----------------------------------------- 
 
 
 For further information please contact: 
 
   Hipgnosis Song Management 
   Merck Mercuriadis 
   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 / 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 
  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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May 16, 2023 02:00 ET (06:00 GMT)

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