HHV Board mulls Geoff Wilson demand
The board of Hunter Hall Global Value Limited (HHV) has acknowledged receipt of a letter from Wilson Asset Management's Geoff Wilson giving it until close of business Monday to respond to a demand that all shareholders be allowed to exit the company at fair value.
In an announcement released to the Australian Securities Exchange (ASX), the HHV board said it would carefully consider Wilson's letter and provide its response to Wilson Asset Management and the market through an ASX announcement.
However the board's statement said that, in the meantime, it had been "satisfied that the investment management services provided to HHV continue uninterrupted by the resignation of Mr Peter Hall who was chief executive and chief investment officer of Hunter Hall International Limited.
The statement to the ASX noted that the HHV share price had "consolidated", closing at $1.20 — only slightly lower than the price prior to Hall's resignation adding that "the ability of HHV shareholders to buy and sell their shares on the ASX has improved significantly since the announcement of Mr Hall's resignation".
Recommended for you
BlackRock has taken a $25 million stake in Generation Development Group as the two firms announce a strategic alliance to design and distribute tailored retirement solutions.
The global asset manager is launching its second alternatives fund for Australian wealth clients, focusing on private equity investment opportunities.
Trading platform Selfwealth has officially delisted from the ASX, marking the final step of Svava’s acquisition plans as it implements a scheme of arrangement.
US alternative credit manager Apollo Global Management is viewing Australia as a “priority market”, as it launches a fund for Australian wholesale investors with Channel Capital.
