'Time for a clean break': Hipgnosis shareholder calls for removal of three board directors

Letter by Metage Capital

Hipgnosis Songs (SONG) shareholder Metage Capital has called for the removal of three board directors, claiming it is “time for a clean break” after a series of “self-inflicted wounds”.

In a letter to fellow shareholders on Thursday (19 October), the firm's chief investment officer Tom Sharp said investors should vote against the reappointment of the directors "bearing most responsibility" for the trust's current turmoil at the upcoming annual general meeting on 26 October. "Metage has therefore voted against [chair] Mr Andrew Sutch, Mr Andrew Wilkinson and Mr Paul Burger and encourages all shareholders to do the same," he said.  Hipgnosis Songs strategic review 'unlikely to placate' shareholders In the letter, Metage raised concerns over poor accounting practices...