REG - Crystal Amber Fund - Update on shareholder returns

Crystal Amber FundAnnouncement

30/09/2022 07:16

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RNS Number : 2567B  Crystal Amber Fund Limited  30 September 2022

30 September 2022

CRYSTAL AMBER FUND LIMITED

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

 

Update on shareholder returns

 

Net asset performance has remained positive: over the last three months, net
asset value per share has risen by 3.4 per cent and over the last year by 4.7
per cent. Over the same periods, the UK mid cap index has fallen by 27.1 per
cent and by 42.5 per cent.

To date in 2022, the Fund has returned 20p a share in dividends to
shareholders (representing a gross return of GBP16.7 million),

The Fund expects to provide an update shortly on additional shareholder
returns based on the Investment Manager's and the Board's assessment of the
status and timing of anticipated corporate transactions.

The Fund notes that Hurricane Energy plc ("Hurricane") has reported that at 31
July 2022, it held net cash of $89 million. At current exchange rates, this is
equivalent to £82 million. Crystal Amber holds 28.9 per cent of Hurricane's
issued share capital.

 

 

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

David Worlidge/Freddie Wooding

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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