Statement from Hipgnosis Song Management Limited
Under the Investment Advisory Agreement ("IAA") between the Company and HSM, HSM's responsibilities as one of its specialist advisors are clearly defined.
- Under the Investment Advisory Agreement ("IAA") between the Company and HSM, HSM's responsibilities as one of its specialist advisors are clearly defined.
- "HSM has repeatedly been blamed for many issues affecting the Company which were not HSM's responsibility under the terms of the IAA.
- We have previously sought to address this in private with the Company's Board as we felt it was in the best interests of shareholders to minimize public commentary.
- "HSM will vigorously protect its interests should the Company purport to terminate the IAA.