PENGANA CAPITAL GROUP LIMITED ABN 43 059 300 426
19 January 2016
Market Announcements Office ASX Limited
Level 5, 20 Bridge Street
Sydney NSW 2000
The Executive Chairman of Hunter Hall International (ASX: HHL), Peter Hall AM, today announced two developments.
David Deverall resigns as CEODavid Deverall is resigning as Chief Executive Officer and Managing Director. He is resigning from the Hunter Hall Board of Directors and from his executive duties effective 5 February 2016.
Peter Hall will act as interim CEO from 5 February 2016 while Hunter Hall undertakes a search process to identify the best possible CEO to advance the business.
"David has decided to leave HHL to pursue other opportunities. I would like to thank David for his contribution to the group over the last three and a half years and wish him well in his future endeavours." Peter Hall said today.
Updated Results Guidance for the Six Months to 31 December 2015Hunter Hall expects to announce significantly improved results for the six months to 31 December 2015:
Operating profit before investment income, performance fees and tax for the half year of approximately $3.3m which is 40% higher than the $2.4m recorded in the six months ending 31 December 2014.
Investment income of approximately $1.75m which includes realised gains on sale of investments during the period.
Net performance fees of approximately $0.7m.
Net Profit after tax of approximately $3.8m which represents a 136% increase over the $1.6m recorded in the six months ending 31 December 2014.
A fully franked interim dividend of approximately 14 cents per share is expected to be announced with respect to the half year ending 31 December 2015.
GPO Box 3955, Sydney NSW 2001, Australia
Telephone: +61 2 8224 0300
Email: invest@hunterhall.com.au
Website: www.hunterhall.com.au
As at 31 December 2015, cash and investments were $27.1m, a $3.3m increase on the $23.8m recorded at 30 June 2015.
The above results are subject to ongoing audit review. HHL will release its half year accounts to the market in the ordinary course of business, expected to be some time in February.
19 January 2016
Peter Hall AM
Chairman & Chief Investment Officer Hunter Hall International Limited Office: (+612) 8224 0300
Mobile: 0466 928 602
Hunter Hall International Limited issued this content on 19 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2016 15:48:13 UTC
Original Document: http://www.hunterhall.com.au/pdf/Announcements_ASX/2016_01_19_HHL_DD_UpdatedResults31122015.pdf
