Crystal Amber Fund Limited Withdrawal of Hurricane requisition notice (5439M)
12 January 2023 - 8:50PM
UK Regulatory
TIDMCRS
RNS Number : 5439M
Crystal Amber Fund Limited
12 January 2023
12 January 2023
CRYSTAL AMBER FUND LIMITED
("Crystal Amber", the "Company", or the "Fund")
Crystal Amber withdraws requisition for general meeting of
Hurricane Energy plc ("Hurricane")
On 23 December 2022, Crystal Amber Fund, the activist investment
fund, announced that it had sent to the board of Hurricane a
requisition notice requiring Hurricane to convene a general meeting
at which resolutions would be proposed to remove executives Antony
Maris and Richard Chaffe, Non-Executive Chairman, Philip Wolfe and,
conditional on the appointment of Tony Buckingham and Franco
Caselli, Crystal Amber nominees, David Craik, John Wright and Juan
Morera, in order for Hurricane to maintain its independence ("the
Requisition Notice").
Crystal Amber notes the Hurricane announcement of 11 January
2023 which provided a trading, operational, financial and formal
sale process update. As a result, Crystal Amber believes that it
should pause the requisition for the general meeting and has
written to Hurricane withdrawing the Requisition Notice and
undertaking not to resubmit a further requisition notice before 6
February 2023.
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/Jeremy Porter/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
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