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BRIEF-Hunter Hall Global Value responds to Wilson Asset Management letter

Published 24/01/2017, 09:14 pm
© Reuters.  BRIEF-Hunter Hall Global Value responds to Wilson Asset Management letter
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Jan 24 (Reuters) - Hunter Hall Global Value Ltd HHV.AX

* response to Wilson Asset Management letter of 18 january 2017

* "hhv board does not agree with a number of assertions made in wam letter of 18 Jan and certain comments made by Wilson in letter"

* board of HHV firmly believes that the buy back proposed by wam is not in the best interests of hhv shareholders

* Hunter hall global value says there is no 'corporate governance crisis', as asserted in WAM letter, caused by hall's resignation as a director

* believes there is sufficient liquidity in hhv shares at acceptable share prices for HHV shareholders to exit hhv shareholding

* for buy back to be fair for shareholders, it would require total hhv portfolio to be liquidated to fairly determine nta

* wam's claim regarding the long-term performance of HHV shares is not correct Source text for Eikon: ID:nASX1BPr5v Further company coverage: HHV.AX

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