Share Buyback Programme
Crystal Amber Fund Limited announced a continuation of its share buyback programme, intending to repurchase ordinary shares up to £3 million or 1.8 million shares until 30 November 2025. This buyback is pursuant to the authority obtained at the annual general meeting on 13 December 2024. Since 15 December 2023, approximately £20.6 million has already been returned to shareholders through share buybacks. Winterflood Securities Limited will execute the buyback independently, with the share price not exceeding 105% of the average market quotation from the preceding five business days or the higher of the last independent trade or highest current independent bid. The company may purchase shares in excess of 25% of the average daily volume due to low liquidity.
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Crystal Amber Fund announces that it intends to continue to conduct on-market purchases to buyback the Company's shares under a share buyback programme. Since 15 December 2023, approximately £20.6 million has been returned to shareholders in share buybacks and in order to continue this and reduce the Company's share capital, from now until 30 November 2025 the Company intends to repurchase ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") up to an aggregate amount of £3 million or 1.8 million Ordinary Shares, pursuant to the authority obtained at the Company's annual general meeting on 13 December 2024 (the "Buyback").
The Company has appointed Winterflood Securities Limited ("Winterflood") to execute and manage the Buyback and has given an irrevocable instruction to Winterflood to make market purchases of Ordinary Shares on its behalf, independently of the Company. Winterflood will make its trading decisions in relation to the Ordinary Shares independently of and uninfluenced by the Company with such trading decisions being in line with the terms of the Buyback.
The Company will make further announcements in due course following any share purchases conducted through the Buyback. Ordinary Shares purchased in the Buyback will be cancelled in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.