Two Hipgnosis directors resign ahead of AGM

Andrew Wilkinson and Paul Burger

Andrew Wilkinson and Paul Burger, two senior non-executives at Hipgnosis Songs Fund, have resigned ahead of the trust’s annual general meeting today (26 October).

In a stock exchange notice yesterday (25 October), the embattled trust revealed that the two directors had resigned, and resolutions to re-appoint them had been withdrawn from the agenda of the AGM. The two directors had been targeted by activist investor Metage Capital, which last week published an open letter calling for a "clean break" in the trust through the departure of senior leadership. Metage, which owns a 0.4% stake in Hipgnosis, said the trust's various troubles were a series of "self-inflicted wounds", adding that the directors bore the "most responsibility for this situat...