LONDON (Alliance News) - Crystal Amber Fund Ltd Monday said it has appointed broker Numis Securities Ltd to manage a share buy-back programme to repurchase shares to be held in treasury.
The buyback, which is irrevocable and non-discretionary, will take place until the company's annual results for the year June 30 are notified.
That date is expected on or after September 7.
The company is entering a close period ahead of notification of the results.
"During this period the company and its directors have no power to invoke any changes to the programme and it is being done at the sole discretion of Numis Securities Ltd," Crystal Amber Fund said.
Shares in Crystal Amber Fund were untraded on Monday morning. The stock last traded at 159.00 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Crystal Amber (CRS)