Result of AGM
Updated : 20:52
23 November 2022
Crystal Amber Fund Limited
(the "Company" or the "Fund")
Result of Annual General Meeting
The Company announces that at its Fifteenth Annual General Meeting held earlier today, all resolutions (Resolutions 1 to 9), which were ordinary resolutions, set out in the Notice of AGM dated 6 October 2022 (the "Notice") were duly passed.
The breakdown of voting percentages for each resolution (on a total votes cast basis) is as follows:
Total Votes For | Total % For | Total Votes Against | Total % Against | Total Votes Withheld*
| |
Resolution 1 | 43,261,528 | 99.99% | 203 | 0.01% | 0 |
Resolution 2 | 43,259,778 | 99.99% | 1,953 | 0.01% | 0 |
Resolution 3 | 30,323,314 | 70.09% | 12,938,417 | 29.91% | 0 |
Resolution 4 | 43,261,528 | 99.99% | 203 | 0.01% | 0 |
Resolution 5 | 39,886,863 | 92.2% | 3,374,868 | 7.8% | 0 |
Resolution 6 | 43,261,528 | 99.99% | 203 | 0.01% | 0 |
Resolution 7 | 43,261,528 | 99.99% | 203 | 0.01% | 0 |
Resolution 8 | 43,261,528 | 99.99% | 203 | 0.01% | 0 |
Resolution 9 | 30,319,148 | 70.08% | 12,942,583 | 29.92% | 0 |
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 therefore not counted towards the proportion of votes 'for' or 'against' a Resolution.
The Company notes the large proportion of votes against resolutions 3 and 9. Following a similar level of votes against the re-appointment of the auditors at last year's AGM, the Company undertook to re-assess the tendering process. Following a tendering process, the auditor was re-engaged and the Board believes that it is in the best interests of shareholders to continue with them. In respect of resolution 9, the Board believes that share buybacks remain an effective means of returning cash to certain shareholders and notes that the majority of shareholders have voted to enable them to be effected.
For further enquiries please contact:
Crystal Amber Fund Limited Chris Waldron (Chairman) Tel: 01481 742 742
Allenby Capital Limited - Nominated Adviser David Worlidge/Freddie Wooding Tel: 020 3328 5656
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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