We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Crystal Amber Fund Limited | LSE:CRS | London | Ordinary Share | GG00B1Z2SL48 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 77.00 | 75.00 | 79.00 | 77.00 | 77.00 | 77.00 | 188 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | -2.14M | -5.58M | -0.0723 | -10.65 | 59.37M |
From May 2019 to May 2024
11 December 2019
CRYSTAL AMBER FUND LIMITED
(“Crystal Amber Fund” or the “Fund”)
Crystal Amber Fund withdraws requisition of General Meeting of Allied Minds plc
Crystal Amber Fund, the activist investment fund, notes the announcement made today by the Board of Allied Minds plc (“Allied Minds”) in response to the Fund’s general meeting requisition announced on 21 November 2019. In light of Allied Minds’ appointment to its board of Mark Lerdal, the director candidate proposed by the Fund (who has directly relevant experience of realising shareholder value from a comparable US-based, UK-listed company), and the other announced changes to the Allied Minds board and to executive compensation, the Fund has formally withdrawn the requisition notice.
Actions such as the announced board changes and the focus on maximising cash returns to shareholders – not least from the recent sale of Allied Minds’ stake in HawkEye 360 – demonstrate the value of Crystal Amber Fund’s activist investment approach.
Richard Bernstein, investment adviser to Crystal Amber Fund, said: “We have always attempted to engage positively in a private manner with our investee companies in an effort to effect change in the interests of all shareholders. This is one of a small number of cases where we have felt obliged to take public action to ensure that shareholder interests are being properly considered. We are pleased that the Board of Allied Minds has engaged with us and the outcome of this process is an acknowledgment that Allied Minds can do more to maximise the realisation of shareholder value. We are also encouraged about the progress we believe can now be made in this regard.”
For further enquiries please contact:
| Crystal Amber Fund Limited | |
| Christopher Waldron (Chairman) | Tel: 01481 742 742 |
| Allenby Capital Limited - Nominated Adviser | |
| David Worlidge/Liz Kirchner | 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 |
Copyright r 11 PR Newswire
1 Year Crystal Amber Chart |
1 Month Crystal Amber Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
