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CRS Crystal Amber Fund Limited

74.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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% 74.00 72.00 76.00 74.00 74.00 74.00 70,072 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -2.14M -5.58M -0.0723 -10.24 57.05M

Crystal Amber Fund Limited Update on shareholder returns (7196Q)

30/06/2022 7:00am

UK Regulatory


Crystal Amber (LSE:CRS)
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From Mar 2022 to Mar 2024

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TIDMCRS

RNS Number : 7196Q

Crystal Amber Fund Limited

30 June 2022

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

30 June 2022

Crystal Amber Fund Limited

(the "Company" or the "Fund")

Update on shareholder returns

The Fund previously announced, based on the Investment Manager's assessment of the status and timing of anticipated corporate transactions, that it was targeting additional shareholder returns of at least GBP40 million or 50 pence per Share before 30 June 2022. The payment of the 10p a share dividend to Shareholders on 9 February 2022, representing a gross return of GBP8.3 million, was the first shareholder return towards achieving that target.

As stated in the Company's circular to convene an EGM (extraordinary general meeting), dated 15 February 2022, the Fund, having consulted with several shareholders, determined it was no longer considered to be in the interests of the Fund to impose a fixed deadline but would retain 30 June 2022 as a target.

The Fund is pleased to provide an update on shareholder returns based on the Investment Manager's and the Board's current assessment of the status and timing of anticipated corporate transactions. Following the payment of the 10p a share dividend to shareholders in February 2022 (representing a gross return of GBP8.3 million), the Fund expects to return a further 10p a share (representing a gross return of GBP8.3 million) by mid-August 2022 and to have returned an additional 60p a share (equivalent to GBP50 million) by the end of September 2022. If these distributions can be achieved, this would bring total returns in the first nine months of 2022 to 80p a share (equivalent to GBP66.6 million).

For further enquiries please contact:

Crystal Amber Fund Limited

Chris Waldron (Chairman)

Tel: 01481 742 742

Allenby Capital Limited - Nominated Adviser

David Worlidge/Liz Kirchner

Tel: 020 7167 6431

Winterflood Securities - 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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(END) Dow Jones Newswires

June 30, 2022 02:00 ET (06:00 GMT)

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