Earlier this week, Peter Hall tendered his resignation as Chief Investment Officer of Hunter Hall International Ltd (ASX:HHL).
The company’s Board has now confirmed that Mr Hall resigned due to personal and family reasons.
The Board also states that Mr Hall has a six month notice period and, unless the Board and Mr Hall both agree otherwise, he will continue to work as CIO until June 2017.
Hunter Hall also confirmed it has received approaches from various parties interested in acquiring some or all of its shares. The company says it’s currently assessing all its options to maximise shareholder value and will make a further announcement when it has more information.
Hunter Hall reported a net profit of $19.1 million at 30 June 2016.