Transaction in Own Shares and Total Voting Rights

Crystal Amber Fund Limited

08 April 2026

 

8 April 2026

Crystal Amber Fund Limited

("Crystal Amber Fund", the "Company" or the "Fund")

Share Buyback Programme

Transaction in Own Shares and

Change to Total Voting Rights

The Company announces that it has recommenced its share buyback programme, which originally ran to 15 March 2026, under which an aggregate amount of approximately £3 million remains available. In order to continue the programme and reduce the Company's share capital, from now until the date of the Company's forthcoming extraordinary general meeting to be held on 22 April 2026, 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 £3,000,000 or 2,659,400 Ordinary Shares, pursuant to the authority obtained at the Company's annual general meeting on 2 December 2025 (the "Buyback").

Purchases made under the Buyback may only be made at prices below the estimated net asset value per Ordinary Share ("NAV") based on the last published NAV as at the date of the purchase and when the Ordinary Shares trade at a discount to the NAV of more than 20 per cent.

The maximum price which may be paid by the Company per Ordinary Share shall not be more than the higher of:

a.    105 per cent of the average of the middle market quotations for an Ordinary Share as derived from the AIM market of the London Stock Exchange plc for the five business days immediately preceding the day on which the purchase is made; and

b.    the value of an Ordinary Share calculated on the basis of the higher of the price quoted for (i) the last independent trade of and (ii) the highest current independent bid for the Ordinary Shares.

Due to the relatively low liquidity in the Ordinary Shares, the Company may purchase Ordinary Shares pursuant to the Buyback on any trading day materially in excess of 25 per cent of the average daily volume, being the limit prescribed pursuant to Article 5(1) of the EU Market Abuse Regulation (2014/596/EU) (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) ("UK MAR") and accordingly, the Company may not benefit from that exemption.

There is no guarantee that the Buyback programme will be implemented in full or that any purchases will be made. The Company reserves the right to bring a halt to the Buyback under circumstances that it deems to be appropriate and in accordance with relevant law and regulation.

Ordinary Shares purchased in the Buyback will be cancelled in due course.

Transaction in own shares

The Board of Crystal Amber Fund Limited announces that, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 2 December 2025, on 7 April 2026 the Company purchased 50,000 of its own ordinary shares of 1p each ("Ordinary Shares") at a price of £1.01. These shares will be cancelled.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule at the end of this announcement contains detailed information about the individual purchases made by Winterflood Securities on behalf of the Company as part of the buyback programme.

Total Voting Rights  

Following this transaction, the total number of Ordinary Shares in issue at today's date is 77,077,262 and following this transaction, the total number of Ordinary Shares held as treasury shares by the Company is 17,397,362, (which includes 878,600 shares purchased by the Company which are pending cancellation). Therefore, the total number of voting rights in the Company is 59,679,900 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

For further enquiries please contact:

Crystal Amber Fund Limited

Chris Waldron (Chairman)

Tel: [phone]

www.crystalamber.com

Allenby Capital Limited - Nominated Adviser

Jeremy Porter/ Ashur Joseph

Tel: [phone]

Winterflood Investment Trusts - Broker

Joe Winkley/Neil Langford

Tel: [phone]

Crystal Amber Advisers (UK) LLP - Investment Adviser

Richard Bernstein

Tel: [phone]

Schedule of Purchases

Shares purchased:          Crystal Amber Fund Limited (ISIN CODE: GG00B1Z2SL48)

Date of purchase:            7 April 2026

Investment firm:             Winterflood Securities

Aggregate information:

Volume-weighted average price, pence	Aggregated volume		Trading venue
£1.01	50,000		London Stock Exchange

Individual transaction:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
50,000	£1.01	16:41	London Stock Exchange

 

END