Hipgnosis Songs Fund Limited has announced a proposed change to its Articles, aiming to address shareholder concerns and maximize value for shareholders. The change comes after shareholders voted against the company's continuation and the proposed sale of music assets. The newly constituted board is conducting a strategic review and has engaged with shareholders, with a key concern being the Investment Adviser's "Call Option," which is seen as a conflict of interest and a deterrent to potential offerors. The proposed change aims to enshrine the payment of a fee of up to £20 million to prospective offerors and provide protection against due diligence and acquisition costs. The board has consulted with the company's largest shareholders, who have indicated their support for the proposal. A circular containing further details of the proposal and a notice convening the Extraordinary General Meeting will be dispatched to shareholders in due course. The board believes that the proposed change will provide greater potential opportunities to maximize value for shareholders.