Crystal Amber Fund mulling secondary issue of shares after strong year
Crystal Amber Fund, the AIM-listed, activist fund, has reported that preliminary discussions have been initiated with some of its major shareholders regarding the potential to finance further investment opportunities through a secondary issue of shares.
Crystal Amber Fund, the AIM-listed, activist fund, has reported that preliminary discussions have been initiated with some of its major shareholders regarding the potential to finance further investment opportunities through a secondary issue of shares.
The board said that by increasing the size of the fund, it would be able to acquire larger holdings to potentially increase its influence and invest in a wider portfolio of companies while also providing greater liquidity for shareholders.
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Over the 2012 calendar year, the fund's net asset value (NAV) per share rose 35.3%, and a further 6.8%, over the three months to March 31st 2013.
Crystal Amber's share price was up 1.72% to 118p at 10:02 on Tuesday.
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