Crystal Amber Fund Limited Result of AGM and Directorate Change

 
TIDMCRS 
 
22 November 2019 
 
                          Crystal Amber Fund Limited 
 
                                (the "Company") 
 
           Results of Annual General Meeting and Directorate Change 
 
The Company announces that at its Twelfth Annual General Meeting held earlier 
today, all ordinary resolutions (Resolutions 1 to 10) set out in the Notice of 
AGM dated 18 September 2019 (the "Notice") were duly passed. 
 
At the same AGM noted above, the following Special Resolutions were also 
passed: 
 
Resolution 11 
 
THAT the Directors of the Company be and are hereby empowered to exercise all 
powers of the Company to allot, issue, grant rights to subscribe for, or to 
convert any security into, shares in the Company up to the maximum permitted 
under the London Stock Exchange's AIM market regulations, being up to 33% of 
the issued share capital of the Company, which authority shall expire at the 
conclusion of the next annual general meeting of the Company to be held in 2020 
(unless previously varied, revoked or renewed by the Company in general 
meeting) or, if earlier, at close of business on the date falling 18 months 
from the passing of these resolutions, save that the Company may before such 
expiry make an offer or agreement which grants rights to subscribe for or 
allows the conversion of any security into ordinary shares or would or might 
require shares to be allotted and issued after such expiry and the Board may 
grant rights to subscribe for ordinary shares, consent any security into 
ordinary shares, or allot and issue ordinary shares in pursuance of such an 
offer or agreement as if the authority conferred hereby had not expired. 
 
Resolution 12 
 
THAT the Directors be and are hereby empowered, in accordance with the rights 
contained in the Company's Articles of Incorporation, to allot and issue 
ordinary shares wholly for cash and/or to sell ordinary shares from Treasury 
wholly for cash, on a non pre-emptive basis, provided that this power shall be 
limited to the allotment, issue or sale of up to the aggregate number of 
ordinary shares of the Company that represent less than 10% of the number of 
ordinary shares of the Company already admitted to trading on the London Stock 
Exchange's AIM market for listed securities immediately following the passing 
of this resolution and shall expire at the conclusion of the next annual 
general meeting of the Company to be held in 2020, save that the Company may, 
before such expiry, make an offer which would or might require ordinary shares 
to be allotted, issued or sold after such expiry and the Directors may allot, 
issue or sell ordinary shares in pursuance of such offer. 
 
Resolution 13 
 
THAT, conditional on Resolution 12 above having been passed, the Directors be 
and are hereby empowered, in accordance with the rights contained in the 
Company's Articles of Incorporation and in addition to and without prejudice to 
the power granted by Resolution 12 above, to allot and issue ordinary shares 
wholly for cash and/or to sell ordinary shares from Treasury wholly for cash, 
on a non pre-emptive basis, provided that this power shall be limited to the 
allotment, issue or sale of an additional number of ordinary shares of the 
Company that, in aggregate, represent less than 10% of the number of ordinary 
shares of the Company already admitted to trading on the London Stock 
Exchange's AIM market for listed securities immediately following the passing 
of this resolution and shall expire at the conclusion of the next annual 
general meeting of the Company to be held in 2020, save that the Company may, 
before such expiry, make an offer which would or might require ordinary shares 
to be allotted, issued or sold after such expiry and the Directors may allot, 
issue or sell ordinary shares in pursuance of such offer. 
 
At the same AGM noted above, the following Extraordinary Resolution was not 
passed: 
 
Resolution 14 
 
THAT the Company ceases to continue as constituted. 
 
The breakdown of voting percentages for each resolution (on a total votes cast 
basis) follows: 
 
                        For            Against 
 
 
Resolution 1            99.99%         0.01% 
 
Resolution 2            82.95%         17.05% 
 
Resolution 3            82.96%         17.04% 
 
Resolution 4            99.99%         0.01% 
 
Resolution 5            99.99%         0.01% 
 
Resolution 6            99.99%         0.01% 
 
Resolution 7            99.99%         0.01% 
 
Resolution 8            100%           0% 
 
Resolution 9            100%           0% 
 
Resolution 10           99.97%         0.03% 
 
Resolution 11           100%           0% 
 
Resolution 12           99.99%         0.01% 
 
Resolution 13           96.06%         3.94% 
 
Resolution 14           18.85%         81.12% 
 
Discretionary votes received were voted in favour of a Resolution and are 
counted in the proportion of votes 'for'.  Votes withheld are not included as a 
vote withheld is not a vote in Law and is not counted towards the proportion of 
votes 'for' or 'against' a Resolution. 
 
Directorate Change 
 
Following the AGM, Mr Ward retired from the Board with immediate effect, as 
notified in the Company's final results for the year ended 30 June 2019 which 
were announced on 13 September 2019. The Company wishes to thank Mr Ward for 
his contribution to the Board. 
 
For further enquiries please contact: 
 
Crystal Amber Fund Limited 
Chris Waldron (Chairman) 
Tel: 01481 742 742 
 
Allenby Capital Limited - Nominated Adviser 
David Worlidge/Liz Kirchner 
Tel: 020 3328 5656 
 
Winterflood Securities - Broker 
Joe Winkley/Neil Langford 
Tel: 020 3100 0160 
 
Crystal Amber Advisers (UK) LLP - Investment Adviser 
Richard Bernstein 
Tel: 020 7478 9080 
 
 
 
END
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