De La Rue slides after activist investor calls for chairman's ouster

Crystal Amber Fund

31/03/2023 11:55

** Shares of struggling banknote printer De La Rue  DLAR.L 
fall 7% to 31p
    ** DLAR among top pct losers on FTSE small cap  .FTSC  index
    ** Activist investor Crystal Amber Fund  CRSL.L  calls for
shareholder meeting to remove co's chairman Kevin Loosemore
    ** Calls for appointment of Pepyn Dinandt, an executive at
automotive supplier Eberspächer Group, in Loosemore's stead
    ** De La Rue says considering contents and legality of
requisition notice
    ** Including session moves, co's shares down about 34% YTD

 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.Husain@thomsonreuters.com;))