THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE
REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH
THE SAME WOULD BE UNLAWFUL CRYSTAL AMBER FUND LIMITED
15 August 2013
Result of EGM and Placing Update
The Board of Crystal Amber Fund Limited (“Crystal Amber” or “the Company”) is pleased to announce that at the Extraordinary General Meeting of the Company held earlier today, all the resolutions were duly passed.
Further to the announcements issued on 26 July 2013, the Company announces that the NAV per share at the close of business on 8 August 2013 (“the Calculation Date”) was 140.70p. Accordingly, the Placing Price, which is equivalent to a 3 per cent. premium to the NAV on the Calculation Date, is 144.9p.
Crystal Amber has received firm commitments from certain shareholders and new investors to subscribe for new Ordinary Shares for a gross consideration of £26,414,785 under the Placing. Therefore, Crystal Amber has allotted 18,229,665
Placing Shares, subject to admission to trading on AIM and on the CISX, representing an enlargement of approximately 33 per cent. of the Company’s current issued share capital.
Application has been made to the CISX for the 18,229,665 Placing Shares to be admitted to listing and trading on the CISX. It is expected that the 18,229,665 Placing Shares will be admitted to listing and to trading on the CISX and that dealings will commence in such Placing Shares on the CISX on 21 August 2013.
Application has been made for the 18,229,665 Placing Shares to be admitted to trading on AIM. It is expected that Admission will take place, and dealings in such Placing Shares will commence, on AIM on 21 August 2013.
Following the issue of the 18,229,665 Placing Shares, the Company will have 73,437,665 Ordinary Shares in issue.
Capitalised terms used but not defined in this announcement have the same meanings as set out in the placing announcement of the Company released on 26 July 2013.
Numis Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as broker to Crystal Amber Fund Limited and for no one else in connection with the Placing and will not be responsible to anyone other than Crystal Amber Fund Limited for providing the protections afforded to clients of Numis Securities Limited or for providing advice in relation to the Placing or any matter referred to in this Announcement.
Sanlam Securities UK Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to Crystal Amber Fund Limited and is acting for no-one else in connection with the Placing and will not be responsible to anyone other than Crystal Amber Fund Limited for providing the protections afforded to clients of Sanlam Securities UK Limited nor for providing advice in relation to the Placing or any matter referred to in this Announcement.