Statement from Merck Mercuriadis, CEO of Hipgnosis Song Management and Founder of Hipgnosis Songs Fund

26 October 2023 - Press release

Merck Mercuriadis, CEO of Hipgnosis Song Management and Founder of Hipgnosis Songs Fund said,

"Today’s Hipgnosis Songs Fund AGM marks an opportunity to reset and focus on the future.

“Our conversations with shareholders have revealed a consensus that they are enthusiastic about the quality of the Company’s iconic portfolio of songs, however it is also clear that they are asking for change and we respect that feedback. Hipgnosis Song Management’s new management team and I have already started taking the relevant necessary action to meet the expectations of shareholders.

“Our commitment to the Company’s shareholders remains absolute and we look forward to working with a new Chair and reconstituted Board during this period to ensure that the Hipgnosis Songs Fund delivers for its shareholders. During this process, shareholders can be certain that Hipgnosis Song Management will continue to manage the Songs with the greatest duty of care as always.

“Finally, I would like to thank Andrew Sutch, Andrew Wilkinson and Paul Burger for their important contributions to the company over the last almost 6 years."