Last checked at 30 Sep 2022 07:01
30 September 2022
CRYSTAL AMBER FUND LIMITED
("Crystal Amber Fund" or the "Fund")
Update on shareholder returns
Net asset performance has remained positive: over the last three months, net asset value per share has risen by 3.4 per cent and over the last year by 4.7 per cent. Over the same periods, the UK mid cap index has fallen by 27.1 per cent and by 42.5 per cent.
To date in 2022, the Fund has returned 20p a share in dividends to shareholders (representing a gross return of GBP16.7 million),
The Fund expects to provide an update shortly on additional shareholder returns based on the Investment Manager's and the Board's assessment of the status and timing of anticipated corporate transactions.
The Fund notes that Hurricane Energy plc ("Hurricane") has reported that at 31 July 2022, it held net cash of $89 million. At current exchange rates, this is equivalent to £82 million. Crystal Amber holds 28.9 per cent of Hurricane's issued share capital.
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/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