Geoff Wilson ups ante on Hunter Hall
Wilson Asset Management (WAM) chairman, Geoff Wilson has stepped up his efforts on the Hunter Hall Global Value fund (HHV), proposing the removal of the current board and the imposition of independent directors of his choosing.
Wilson announced the move late on Thursday in what represents a follow-up to his demands that shareholder be allowed to exit the fund at fair value or remain invested in the company with improved corporate governance, capital management, dividend payments and shareholder engagement.
He said WAM had lodged three independent directors' consent to nomination for election as a director of HHV and that it would be lodging a requisition for a shareholders meeting in two weeks' time to remove the current board and replace them with Kym Evans, Emma Davidson and Glenn Burge.
Evans is a senior corporate lawyer, Davidson is the founder of boutique investment advisory, Affinity Capital and Burge is a former editor of the Australian Financial Review.
Wilson's statement said: "We believe a new, independent board consisting of these independent directors will provide HHV shareholders with what is fair and equitable".
He claimed to have received "countless calls from HHV shareholders who share this view".
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