REG - Crystal Amber Fund - Withdrawal of Hurricane requisition notice

Crystal Amber FundAnnouncement

12/01/2023 10:00

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RNS Number : 5439M  Crystal Amber Fund Limited  12 January 2023

 

12 January 2023

 

CRYSTAL AMBER FUND LIMITED

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

 

Crystal Amber withdraws requisition for general meeting of Hurricane Energy
plc ("Hurricane")

 

On 23 December 2022, Crystal Amber Fund, the activist investment fund,
announced that it had sent to the board of Hurricane a requisition notice
requiring Hurricane to convene a general meeting at which resolutions would be
proposed to remove executives Antony Maris and Richard Chaffe, Non-Executive
Chairman, Philip Wolfe and, conditional on the appointment of Tony Buckingham
and Franco Caselli, Crystal Amber nominees, David Craik, John Wright and Juan
Morera, in order for Hurricane to maintain its independence ("the Requisition
Notice").

Crystal Amber notes the Hurricane announcement of 11 January 2023 which
provided a trading, operational, financial and formal sale process update. As
a result, Crystal Amber believes that it should pause the requisition for the
general meeting and has written to Hurricane withdrawing the Requisition
Notice and undertaking not to resubmit a further requisition notice before 6
February 2023.

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/Jeremy Porter/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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