13 December 2024
Crystal Amber Fund
Limited
(the "Company" or the
"Fund")
Result of Annual General
Meeting
The Company announces that at its
Annual General Meeting held earlier today, all resolutions
(Resolutions 1 to 8) set out in the Notice of AGM dated 13 November
2024, which were ordinary resolutions, were duly passed.
The proxy votes received on each
resolution are set out below:
|
|
Total Votes
For
|
Total % For
|
Total Votes
Against
|
Total %
Against
|
Total Votes
Withheld*
|
|
Resolution
1
|
50,800,620
|
99.96%
|
19,203
|
0.04%
|
0
|
|
Resolution
2
|
34,665,320
|
68.25%
|
16,123,090
|
31.75%
|
31,413
|
|
Resolution
3
|
50,800,620
|
99.96%
|
19,203
|
0.04%
|
0
|
|
Resolution
4
|
50,800,620
|
99.96%
|
19,203
|
0.04%
|
0
|
|
Resolution
5
|
34,688,941
|
68.26%
|
16,127,311
|
31.74%
|
3,571
|
|
Resolution
6
|
34,693,941
|
68.27%
|
16,122,311
|
31.73%
|
3,571
|
|
Resolution
7
|
34,693,941
|
68.27%
|
16,122,311
|
31.73%
|
3,571
|
|
Resolution
8
|
50,800,620
|
99.96%
|
19,203
|
0.04%
|
0
|
*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.
Discretionary votes received were
voted in favour of a resolution and are counted in the proportion
of votes 'for'.
The Board of the Fund notes the
votes of more than 20% against resolutions 2, 5, 6, and
7. The Board is committed to
continuing an open dialogue with the Company's shareholders. Where
it is able to, the Board will continue to seek to engage with those
shareholders who are understood to have voted against the
resolutions to understand their views or any specific
concerns. The Board will update shareholders on this and
actions taken within six months.
The Board notes that in the year to
30 June 2024, the Fund's net asset value rose by 86.3% and that
according to Trustnet, over one year, the Fund's performance is
placed second in its 23-company peer group, with it being placed
first over three years and third over five years amongst its
22-company peer group. Over three years, the Fund has returned 95.8
per cent, as against a fall of 8 per cent in the Investment Trust
UK Smaller Companies sector.
For further enquiries please
contact:
Crystal Amber
Fund Limited
Chris Waldron (Chairman)
Tel: 01481 742 742
www.crystalamber.com
Allenby
Capital Limited - Nominated Adviser
Jeremy Porter/ Dan Dearden-Williams
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
