REG - Crystal Amber Fund - Transaction in Own Shares and Total Voting Rights

Crystal Amber FundAnnouncement

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RNS Number : 6603Z  Crystal Amber Fund Limited  08 April 2026

8 April 2026

 

 

Crystal Amber Fund Limited

("Crystal Amber Fund", the "Company" or the "Fund")

 

Share Buyback Programme

Transaction in Own Shares and

Change to Total Voting Rights

 

The Company announces that it has recommenced its share buyback programme,
which originally ran to 15 March 2026, under which an aggregate amount of
approximately £3 million remains available. In order to continue the
programme and reduce the Company's share capital, from now until the date of
the Company's forthcoming extraordinary general meeting to be held on 22 April
2026, the Company intends to repurchase ordinary shares of 1 penny each in the
capital of the Company ("Ordinary Shares") up to an aggregate amount of
£3,000,000 or 2,659,400 Ordinary Shares, pursuant to the authority obtained
at the Company's annual general meeting on 2 December 2025 (the "Buyback").

 

Purchases made under the Buyback may only be made at prices below the
estimated net asset value per Ordinary Share ("NAV") based on the last
published NAV as at the date of the purchase and when the Ordinary Shares
trade at a discount to the NAV of more than 20 per cent.

 

The maximum price which may be paid by the Company per Ordinary Share shall
not be more than the higher of:

a.    105 per cent of the average of the middle market quotations for an
Ordinary Share as derived from the AIM market of the London Stock Exchange plc
for the five business days immediately preceding the day on which the purchase
is made; and

b.    the value of an Ordinary Share calculated on the basis of the higher
of the price quoted for (i) the last independent trade of and (ii) the highest
current independent bid for the Ordinary Shares.

 

Due to the relatively low liquidity in the Ordinary Shares, the Company may
purchase Ordinary Shares pursuant to the Buyback on any trading day materially
in excess of 25 per cent of the average daily volume, being the limit
prescribed pursuant to Article 5(1) of the EU Market Abuse Regulation
(2014/596/EU) (which forms part of domestic UK law pursuant to the European
Union (Withdrawal) Act 2018) ("UK MAR") and accordingly, the Company may not
benefit from that exemption.

 

There is no guarantee that the Buyback programme will be implemented in full
or that any purchases will be made. The Company reserves the right to bring a
halt to the Buyback under circumstances that it deems to be appropriate and in
accordance with relevant law and regulation.

 

Ordinary Shares purchased in the Buyback will be cancelled in due course.

 

Transaction in own shares

 

The Board of Crystal Amber Fund Limited announces that, in accordance with the
authority granted by shareholders at the Company's Annual General Meeting on 2
December 2025, on 7 April 2026 the Company purchased 50,000 of its own
ordinary shares of 1p each ("Ordinary Shares") at a price of £1.01. These
shares will be cancelled.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), the schedule at the end of this announcement contains
detailed information about the individual purchases made by Winterflood
Securities on behalf of the Company as part of the buyback programme.

 

Total Voting Rights

 

Following this transaction, the total number of Ordinary Shares in issue at
today's date is 77,077,262 and following this transaction, the total number of
Ordinary Shares held as treasury shares by the Company is 17,397,362, (which
includes 878,600 shares purchased by the Company which are pending
cancellation). Therefore, the total number of voting rights in the Company
is 59,679,900 which may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest or a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

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/ Ashur Joseph

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

 

Schedule of Purchases

Shares purchased:          Crystal Amber Fund Limited (ISIN CODE:
GG00B1Z2SL48)

Date of purchase:            7 April 2026

Investment firm:             Winterflood Securities

 

Aggregate information:

 Volume-weighted average price, pence  Aggregated volume    Trading venue
 £1.01                                 50,000               London Stock Exchange

 

Individual transaction:

 Number of shares purchased  Transaction price   Time of transaction  Trading venue

(pence per share)
 50,000                      £1.01               16:41                London Stock Exchange

 

 

 

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