Crystal Amber Fund Limited Update on shareholder returns (7196Q)
June 30 2022 - 2:00AM
UK Regulatory
TIDMCRS
RNS Number : 7196Q
Crystal Amber Fund Limited
30 June 2022
The information contained within this announcement is deemed by
the Company to constitute inside information pursuant to Article 7
of EU Regulation 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 as amended.
30 June 2022
Crystal Amber Fund Limited
(the "Company" or the "Fund")
Update on shareholder returns
The Fund previously announced, based on the Investment Manager's
assessment of the status and timing of anticipated corporate
transactions, that it was targeting additional shareholder returns
of at least GBP40 million or 50 pence per Share before 30 June
2022. The payment of the 10p a share dividend to Shareholders on 9
February 2022, representing a gross return of GBP8.3 million, was
the first shareholder return towards achieving that target.
As stated in the Company's circular to convene an EGM
(extraordinary general meeting), dated 15 February 2022, the Fund,
having consulted with several shareholders, determined it was no
longer considered to be in the interests of the Fund to impose a
fixed deadline but would retain 30 June 2022 as a target.
The Fund is pleased to provide an update on shareholder returns
based on the Investment Manager's and the Board's current
assessment of the status and timing of anticipated corporate
transactions. Following the payment of the 10p a share dividend to
shareholders in February 2022 (representing a gross return of
GBP8.3 million), the Fund expects to return a further 10p a share
(representing a gross return of GBP8.3 million) by mid-August 2022
and to have returned an additional 60p a share (equivalent to GBP50
million) by the end of September 2022. If these distributions can
be achieved, this would bring total returns in the first nine
months of 2022 to 80p a share (equivalent to GBP66.6 million).
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 7167 6431
Winterflood Securities - Broker
Joe Winkley/Neil Langford
Tel: 020 3100 0160
Crystal Amber Advisers (UK) LLP - Investment Adviser
Richard Bernstein
Tel: 020 7478 9080
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END
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