Hipgnosis Songs Fund Limited buys Big Deal Music Group

1 min read | September 10, 2020 09:34 PM BST | By Team Kalkine Media

Hipgnosis Songs Fund Limited (LONG: SONG) has acquired the entire share capital of Big Deal Music Group.

  • Big Deal Music, a boutique full-service song company, will be rebranded to Hipgnosis Songs Group effective immediately.
  • The company has stated that Big Deal Music’s acquisition will be funded from the proceeds of Hipgnosis' equity fundraise in July 2020 and through the issue of 17,609,304 new Ordinary Shares issued at a price of 120.65 pence per Ordinary Share.
  • Kenny MacPherson has been appointed as the Chief Executive Officer (CEO) of Hipgnosis Songs Group. He will be directly reporting to Hipgnosis Songs' Founder.
  • On 10 September 2020, at the time of writing, GMT 10:02 AM, SONG shares were trading at GBX 123.00, up by 1.00 points or 0.82% against the previous day closing price.

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