Merck Mercuriadis to step away from Hipgnosis Song Management
Founder and chair will step away upon completion of Hipgnosis Song Fund’s sale to Blackstone
Founder and chair will step away upon completion of Hipgnosis Song Fund’s sale to Blackstone
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JOHCM’s share disposal reduces ‘irrevocable undertaking’ support bid down to 23.1%
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Trust’s board said it would be minded to recommend the proposal to shareholders if a firm offer was made
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Investment adviser will ‘respond to the company’s board in due course’
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Operative NAV reduced to 85.02p per share from 92.08p
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While Mercuriadis has stood down as CEO of the trust’s investment adviser
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Bidder incentive fee vote comes amid the board’s allegations of ‘cherry-picking’ by Hipgnosis Songs Capital
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