WAM challenge defeated
All of the Wilson Asset Management (WAM) resolutions regarding the election of their nominee directors to the Hunter Hall Global Value Limited (HHV) have been defeated.
These were results of a general meeting, held on 6 April, requisitioned by entities associated with WAM during which the shareholders voted over the removal of all three of the existing HHV directors, and the appointment of three new directors proposed by WAM.
Also, the shareholders decided to remove HHV deputy chairman, David Groves and HHV independent director, Julian Constable, from the HHV board while the proposal of independent chairman, Paul Jensen, was carried.
The HHV board said it would take steps to identify a new director to the HHV board as soon as practicable and subsequently they would stand for election by HHV shareholders in the normal course at the company’s next annual general meeting scheduled for November.
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