REG - Crystal Amber Fund - Result of AGM

Crystal Amber FundAnnouncement

23/11/2022 12:00

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RNS Number : 3798H  Crystal Amber Fund Limited  23 November 2022

23 November 2022

 

Crystal Amber Fund Limited

(the "Company" or the "Fund")

 

Result of Annual General Meeting

 

The Company announces that at its Fifteenth Annual General Meeting held
earlier today, all resolutions (Resolutions 1 to 9), which were ordinary
resolutions, set out in the Notice of AGM dated 6 October 2022 (the "Notice")
were duly passed.

 

 

The breakdown of voting percentages for each resolution (on a total votes cast
basis) is as follows:

               Total Votes For  Total % For  Total Votes Against  Total % Against  Total Votes Withheld*

 Resolution 1  43,261,528       99.99%       203                  0.01%            0
 Resolution 2  43,259,778       99.99%       1,953                0.01%            0
 Resolution 3  30,323,314       70.09%       12,938,417           29.91%           0
 Resolution 4  43,261,528       99.99%       203                  0.01%            0
 Resolution 5  39,886,863       92.2%        3,374,868            7.8%             0
 Resolution 6  43,261,528       99.99%       203                  0.01%            0
 Resolution 7  43,261,528       99.99%       203                  0.01%            0
 Resolution 8  43,261,528       99.99%       203                  0.01%            0
 Resolution 9  30,319,148       70.08%       12,942,583           29.92%           0

 

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 therefore not counted towards the proportion of votes 'for' or 'against' a
Resolution.

The Company notes the large proportion of votes against resolutions 3 and 9.
Following a similar level of votes against the re-appointment of the auditors
at last year's AGM, the Company undertook to re-assess the tendering
process.  Following a tendering process, the auditor was re-engaged and the
Board believes that it is in the best interests of shareholders to continue
with them. In respect of resolution 9, the Board believes that share buybacks
remain an effective means of returning cash to certain shareholders and notes
that the majority of shareholders have voted to enable them to be effected.

 

 For further enquiries please contact:

 Crystal Amber Fund Limited

 Chris Waldron (Chairman)

 Tel: 01481 742 742

 Allenby Capital Limited - Nominated Adviser

 David Worlidge/Freddie Wooding

 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

 

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