23 November
2017
Crystal Amber Fund
Limited
(the
‘Company’)
Results of Annual
General Meeting and Directorate Change
The Company announces that at its Tenth Annual General Meeting
(“AGM”) held earlier today, all ordinary resolutions
(Resolutions 1 to 10) set out in the Notice of AGM dated
21 September 2017 (the
“Notice”) were duly passed.
At the same AGM noted above, the following Special and
Extraordinary 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, 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 2018 (unless previously varied, revoked or renewed by the
Company in general meeting) or, if earlier, 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 would or
might require shares to be allotted after such expiry and the Board
may allot 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 to allot 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 or sale of up to
the aggregate number of ordinary shares as represent less than 20
per cent. of the number of ordinary shares already admitted to
trading on the London Stock Exchange's AIM market for listed
securities immediately following the passing of this
resolution;
- such allotment shall be in accordance with the rights contained
in the Company’s Articles of Association;
- this power shall expire at the conclusion of the next annual
general meeting of the Company to be held in 2018; and
- the Company may, before such expiry, make an offer which would
or might require ordinary shares to be allotted or sold after such
expiry and the Directors may allot or sell ordinary shares in
pursuance of such offer.
Resolution 13:
THAT the Company 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 |
99.99% |
0.01% |
| Resolution
3 |
84.52% |
15.48% |
| Resolution
4 |
99.99% |
0.01% |
| Resolution
5 |
86.87% |
13.13% |
| Resolution
6 |
99.99% |
0.02% |
| Resolution
7 |
86.87% |
13.13% |
| Resolution
8 |
99.99% |
0.01% |
| Resolution
9 |
99.99% |
0.01% |
| Resolution
10 |
99.98% |
0.02% |
| Resolution
11 |
99.99% |
0.01% |
| Resolution
12 |
92.39% |
7.61% |
| Resolution
13 |
87.21% |
12.79% |
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 Collins retired from the Board with
immediate effect and Mr Christopher
Waldron has succeeded Mr Collins as Chairman of the
Board. The Company wishes to thank Mr Collins for his
contribution during his Chairmanship.
For further enquiries please contact:
Crystal Amber Fund Limited
Christopher Waldron
(Chairman)
Tel: 01481 716 000
www.crystalamber.com
Allenby Capital Limited - Nominated
Adviser
David Worlidge/James Thomas/Liz
Kirchner
Tel: 020 3328 5656
Winterflood Investment Trusts -
Broker
Joe Winkley/Neil Langford
Tel: 020 3100 0160
Crystal Amber Advisers (UK) LLP –
Investment Adviser
Richard Bernstein
Tel: 020 7478 9080