Crystal Amber Fund Limited (AIM:CRS) commences share repurchases on December 15, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 22, 2023. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange plc Daily Official List for five business days immediately preceding the day on which that Share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time. The minimum price which may be paid for an ordinary share is £0.01. The authority shall expire at the earliest of the next Annual General Meeting in 2024, or 18 months from the passing of the resolution.

On December 8, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to £5 million worth of its shares. The purpose of the program is to reduce the share capital of the company and return cash to shareholders. The program will be funded from the company's existing surplus cash resources and all shares purchased will be cancelled. The repurchases will commence today and the program will run until January 31, 2024.

On April 2, 2024, the company announced that it has extended its plan duration till June 30, 2024.

Winterflood Securities acted as broker to the company.