Withdrawal of De La Rue requisition notice

RNS Number : 6355W

Crystal Amber Fund Limited

18 April 2023

 

*REACH announcement

18 April 2023

CRYSTAL AMBER FUND LIMITED

("Crystal Amber" or the "Company")

Withdrawal of De La Rue requisition notice

On 31 March 2023, Crystal Amber announced that it had sent to the board of De La Rue plc ("De La Rue") a requisition notice requiring De La Rue to convene a general meeting at which a resolution would be proposed to remove Non-Executive Director and Chairman Kevin Loosemore (the "Requisition").

Crystal Amber notes and welcomes the announcement from De La Rue on 14 April 2023 that its Chairman has resigned and that an accelerated recruitment process has been launched. Accordingly, Crystal Amber has written to De La Rue withdrawing its requisition notice.

Crystal Amber continues to constructively engage to achieve the urgent and necessary change of direction at De La Rue in order to restore shareholder value and capitalise on its strong customer base, its brand and the strategic value of its Authentication and Currency divisions.

For further enquiries please contact:

Crystal Amber Fund Limited

Chris Waldron (Chairman)

Tel: [phone]

www.crystalamber.com

Allenby Capital Limited - Nominated Adviser

David Worlidge/Jeremy Porter/Dan Dearden-Williams

Tel: [phone]

Winterflood Investment Trusts - Broker

Joe Winkley/Neil Langford

Tel: [phone]

Crystal Amber Advisers (UK) LLP - Investment Adviser

Richard Bernstein

Tel: [phone]

*About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

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