Michael Hill Gives Ownership to Founder’s Children

The company is moving its listing from the New Zealand exchange to the Australian Securities Exchange

Michael Hill International has restructured its shareholdings, with 10 percent of the company now passed to the children of the company’s eponymous founder.

Emma Hill—who now chairs the company—and Mark Hill will each acquire 5 percent of Michael Hill International’s shares. At the same time, Boxer Hill Trust—controlled by the Hill family—will decrease its holding from 52.89 percent to 42.89 percent.

The company is moving its listing from the New Zealand exchange to the Australian Securities Exchange.

JCK News Director