REG - Crystal Amber Fund - Result of AGM

Crystal Amber FundAnnouncement

13/12/2024 11:00

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RNS Number : 0586Q  Crystal Amber Fund Limited  13 December 2024

13 December 2024

 

Crystal Amber Fund Limited

(the "Company" or the "Fund")

 

Result of Annual General Meeting

 

The Company announces that at its Annual General Meeting held earlier today,
all resolutions (Resolutions 1 to 8) set out in the Notice of AGM dated 13
November 2024, which were ordinary resolutions, were duly passed.

 

The proxy votes received on each resolution are set out below:

 

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

 Resolution 1  50,800,620       99.96%       19,203               0.04%            0
 Resolution 2  34,665,320       68.25%       16,123,090           31.75%           31,413
 Resolution 3  50,800,620       99.96%       19,203               0.04%            0
 Resolution 4  50,800,620       99.96%       19,203               0.04%            0
 Resolution 5  34,688,941       68.26%       16,127,311           31.74%           3,571
 Resolution 6  34,693,941       68.27%       16,122,311           31.73%           3,571
 Resolution 7  34,693,941       68.27%       16,122,311           31.73%           3,571
 Resolution 8  50,800,620       99.96%       19,203               0.04%            0

 

*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.

 

Discretionary votes received were voted in favour of a resolution and are
counted in the proportion of votes 'for'.

 

The Board of the Fund notes the votes of more than 20% against resolutions 2,
5, 6, and 7.  The Board is committed to continuing an open dialogue with the
Company's shareholders. Where it is able to, the Board will continue to seek
to engage with those shareholders who are understood to have voted against the
resolutions to understand their views or any specific concerns.  The Board
will update shareholders on this and actions taken within six months.

 

The Board notes that in the year to 30 June 2024, the Fund's net asset value
rose by 86.3% and that according to Trustnet, over one year, the Fund's
performance is placed second in its 23-company peer group, with it being
placed first over three years and third over five years amongst its 22-company
peer group. Over three years, the Fund has returned 95.8 per cent, as against
a fall of 8 per cent in the Investment Trust UK Smaller Companies sector.

 

For further enquiries please contact:

 

Crystal Amber Fund Limited

Chris Waldron (Chairman)

Tel: 01481 742 742

www.crystalamber.com (http://www.crystalamber.com)

 

Allenby Capital Limited - Nominated Adviser

Jeremy Porter/ Dan Dearden-Williams

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

 

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