Shareholders passed all resolutions put forward at Crystal Amber fund’s annual general meeting on Wednesday (22 November), but some faced strong dissent.
The board said four resolutions saw votes of more than 20% against them, including the re-appointment of the auditor KMPG, directors' remuneration, the re-election of three directors and the provision of share buyback authority. KMPG has been Crystal Amber's auditor since its listing in 2008, which could trigger independence concerns. According to the shareholder registry, activist investor Saba Capital owns over 25% of the company. Crystal Amber reinstates management fee post-2023 and alters investment agreement In a stock exchange notice, the board said it was committed to "conti...
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