Crystal Amber Fund Limited Results of AGM and Directorate Change

 
TIDMCRS 
 
23 November 2017 
 
 
                          Crystal Amber Fund Limited 
 
                                (the 'Company') 
 
           Results of Annual General Meeting and Directorate Change 
 
The Company announces that at its Tenth Annual General Meeting ("AGM") held 
earlier today, all ordinary resolutions (Resolutions 1 to 10) set out in the 
Notice of AGM dated 21 September 2017 (the "Notice") were duly passed. 
 
At the same AGM noted above, the following Special and Extraordinary 
Resolutions were also passed: 
 
Resolution 11: 
 
THAT the Directors of the Company be and are hereby empowered to exercise all 
powers of the Company to allot, grant rights to subscribe for, or to convert 
any security into, shares in the Company up to the maximum permitted under the 
London Stock Exchange's AIM market regulations, being up to 33% of the issued 
share capital of the Company, which authority shall expire at the conclusion of 
the next annual general meeting of the Company to be held in 2018 (unless 
previously varied, revoked or renewed by the Company in general meeting) or, if 
earlier, the date falling 18 months from the passing of these resolutions, save 
that the Company may before such expiry make an offer or agreement which would 
or might require shares to be allotted after such expiry and the Board may 
allot shares in pursuance of such an offer or agreement as if the authority 
conferred hereby had not expired. 
 
Resolution 12: 
 
THAT the Directors be and are hereby empowered to allot ordinary shares wholly 
for cash and/or to sell ordinary shares from Treasury wholly for cash, on a non 
pre-emptive basis, provided that: 
 
 i. this power shall be limited to the allotment or sale of up to the aggregate 
    number of ordinary shares as represent less than 20 per cent. of the number 
    of ordinary shares already admitted to trading on the London Stock 
    Exchange's AIM market for listed securities immediately following the 
    passing of this resolution; 
ii. such allotment shall be in accordance with the rights contained in the 
    Company's Articles of Association; 
iii. this power shall expire at the conclusion of the next annual general 
    meeting of the Company to be held in 2018; and 
iv. the Company may, before such expiry, make an offer which would or might 
    require ordinary shares to be allotted or sold after such expiry and the 
    Directors may allot or sell ordinary shares in pursuance of such offer. 
 
Resolution 13: 
 
THAT the Company continue as constituted. 
 
The breakdown of voting percentages for each resolution (on a total votes cast 
basis) follows: 
 
                 For             Against 
 
 
Resolution 1     99.99%          0.01% 
 
Resolution 2     99.99%          0.01% 
 
Resolution 3     84.52%          15.48% 
 
Resolution 4     99.99%          0.01% 
 
Resolution 5     86.87%          13.13% 
 
Resolution 6     99.99%          0.02% 
 
Resolution 7     86.87%          13.13% 
 
Resolution 8     99.99%          0.01% 
 
Resolution 9     99.99%          0.01% 
 
Resolution 10    99.98%          0.02% 
 
Resolution 11    99.99%          0.01% 
 
Resolution 12    92.39%          7.61% 
 
Resolution 13    87.21%          12.79% 
 
Discretionary votes received were voted in favour of a Resolution and are 
counted in the proportion of votes 'for'.  Votes withheld are not included as a 
vote withheld is not a vote in Law and is not counted towards the proportion of 
votes 'for' or 'against' a Resolution. 
 
Directorate Change 
 
Following the AGM, Mr Collins retired from the Board with immediate effect and 
Mr Christopher Waldron has succeeded Mr Collins as Chairman of the Board.  The 
Company wishes to thank Mr Collins for his contribution during his 
Chairmanship. 
 
For further enquiries please contact: 
 
Crystal Amber Fund Limited 
 
Christopher Waldron (Chairman) 
 
Tel: [phone] 
 
www.crystalamber.com 
 
Allenby Capital Limited - Nominated Adviser 
 
David Worlidge/James Thomas/Liz Kirchner 
 
Tel: [phone] 
 
Winterflood Investment Trusts - Broker 
 
Joe Winkley/Neil Langford 
 
Tel: [phone] 
 
Crystal Amber Advisers (UK) LLP - Investment Adviser 
 
Richard Bernstein 
 
Tel: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

November 23, 2017 06:30 ET (11:30 GMT)