(CNN) It's one of the biggest indie rock songs of all time -- and for 20 years British band The Verve didn't make a cent off "Bitter Sweet Symphony."

But lead singer Richard Ashcroft will finally get royalties for the track after a long-running copyright dispute with the Rolling Stones.

"It gives me great pleasure to announce as of last month Mick Jagger and Keith Richards agreed to give me their share of the song 'Bitter Sweet Symphony,' " Ashcroft wrote on Twitter on Thursday night, the same day he won an Ivor Novello Award for outstanding contribution to British music.

Bitter Sweet Press Release. ✌🏻 pic.twitter.com/NnmiGf8e6C — Richard Ashcroft (@richardashcroft) May 23, 2019

"This remarkable and life affirming turn of events was made possible by a kind and magnanimous gesture from Mick and Keith, who have also agreed that they are happy for the writing credit to exclude their names and all their royalties derived from the song will now pass to me."

Publicists for the Rolling Stones confirmed to CNN that future royalties for the track will go to Ashcroft, rather than Jagger and Richards, and that the musicians will no longer require a writing credit for the song.

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