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The Guardian - UK
The Guardian - UK
Business
Tom Ambrose

Hipgnosis investors vote against UK-listed song royalties group continuing

Hipgnosis Beyoncé Merck Mercuriadis
Beyonce in a pink cleavage-enhancing outfit
Beyoncé at a Dubai hotel launch in January. Photograph: Mason Poole/Parkwood Media/Getty

Shareholders in the music royalties investment fund Hipgnosis have voted overwhelmingly against continuing the business in its current form, throwing the future of the group into question.

At an extraordinary general meeting on Thursday, 83.2% of shareholders voted against Hipgnosis Songs Fund securing another five-year mandate to run as an investment trust.

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