Hipgnosis and founder hit with legal claim over alleged ‘diversion of opportunity’
Claim made by Hipgnosis Music Limited
Hipgnosis Song Fund
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Hipgnosis appoints former Round Hill directors to board
Robert Naylor named chair, while Francis Keeling appointed NED
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Hipgnosis scraps dividend until new financial year
Hipgnosis’s catalogue bonus provision is expected to increase by £18.5m to £54.8m
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Hipgnosis shareholders reject £440m portfolio sale and continuation
Board to put forward proposals for ‘reconstruction, reorganisation or winding-up’
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Hipgnosis rival suitors ‘could not justify’ paying higher price than Blackstone-backed bid
$440m (£359m) bid for a fifth of the trust’s portfolio to be voted on this week
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Stifel analysts warn of ‘breakdown’ between Hipgnosis board and manager as trust launches strategic review
Ahead of looming continuation vote
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AVI urges Hipgnosis shareholders to vote against ‘truly dreadful’ proposed portfolio sale
And will vote against continuation at 26 October AGM and EGM
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Hipgnosis Songs scraps dividend after hit to expected royalty payments
Retroactive payments plummeted 54% to $9.9m (£8.1m) following an industry-wide decision by US Copyright Royalty Board
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Jefferies: Hipgnosis shareholders could vote against portfolio sale
The trust’s shares are down 12% since the announcement last Thursday
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Hipgnosis celebrates Mariah Carey hitting UK number one ahead of Christmas
Investment trust only recently acquired rights to All I Want for Christmas
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Round Hill raises $282m with music royalty investment trust to rival Hipgnosis
Hipgnosis Song fund has raked in additional £850m since launch in 2018
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Hipgnosis prodded to diversify away from Bieber to the classics
Music royalties investment trust makes most of its earnings from recent pop hits
