Shareholders in UK-listed Hipgnosis Songs Fund (HSF) have overwhelmingly voted in favor of paying companies who make credible acquisition bids for the firm’s catalog a one-off incentive fee of up to £20 million. Some 99.9% of HSF shareholders today (February 7) approved a proposal put forward by the company’s board for the ‘bung’ payment.
Source: Hipgnosis Songs Fund shareholders vote in favor of giving £20m ‘bung’ to bidders on its catalog