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Hunter Hall International, Explanatory Memorandum in Relation to the Recommended Merger with Pengana

- Significant benefits to flow from the merger of two strongly aligned investment managers with significant cost and revenue synergy potential

- Hunter Hall Directors unanimously recommend the merger

- Independent Expert concludes that the transaction is fair and reasonable to non-associated shareholders

- Independent Expert indicates the merged group to be valued between $3.00 and $3.50 per share, the mid-point of which represents a 29% premium to the last close price of Hunter Hall shares on 1 May 2017.

Hunter Hall International Limited (ASX:HHL, or “Hunter Hall”) today announces the details for the General Meeting of Hunter Hall shareholders to consider the proposed merger between Hunter Hall and Pengana Capital Holdings Pty Ltd (“Pengana”), which will be held on Thursday 1st June this year.


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