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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 | 0.00 | 01:00:00 |
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 |
TIDMCRS
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
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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(END) Dow Jones Newswires
January 12, 2023 04:50 ET (09:50 GMT)
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