Last checked at 7 Apr 2009 07:00
7 April 2009 CRYSTAL AMBER FUND LIMITED ("Crystal Amber Fund" or the "Company") NET ASSET VALUE GROWS
Crystal Amber Fund announces that its unaudited net asset value on 31 March 2009 was 100.01p per share, compared with 95.58p per share at 31 December 2008.
The Company's shares were admitted to trading on AIM on 17 June 2008 and its net asset value per share is calculated quarterly. The initial unaudited net asset value at 30 June 2008, reflecting the costs of flotation, was 95.05p per share.
William Collins, Chairman of Crystal Amber Fund, commented:
"The Company's first nine months since admission to AIM have proved to be a period of turmoil in financial markets and in the world economy. The FTSE 250 index, which includes many of the stocks we monitor, fell by more than 30 per cent. Against this background, we are pleased to report that our net asset value per share has risen.
"We are continuing to engage in discussion with investee companies. We are pleased that, following constructive discussions with its management, profits have been realised on our largest shareholding, 3i Quoted Private Equity Plc, which is being acquired by the 3i Group Plc. Our return on this investment was in excess of 50 per cent.
"We are maintaining a cautious and considered approach to building a portfolio of selective and targeted investments. The task in the months ahead is to continue to deploy our resources effectively. The results to date give us confidence that this can be achieved successfully".
For further enquiries please contact:
Crystal Amber Fund LimitedWilliam Collins (Chairman)Tel: 01481 716 000John East & Partners LimitedDavid Worlidge/Bidhi BhomaTel: 0207 628 2200
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