Crystal Amber accuses De La Rue of defamation over market manipulation claims

Calls for resignation of chair

James Baxter-Derrington
clock • 6 min read

Crystal Amber has accused De La Rue of defamation and called for the resignation of chair Kevin Loosemore in an open letter published today (9 November).

Writing to shareholders, Crystal Amber chair Christopher Waldron recommended they vote against the continuation of Loosemore as director and chair of De La Rue, for which a general meeting has been convened on 2 December. Crystal Amber is an AIM-listed Guernsey-based investment trust with £115m in total assets, currently trading on a 20% discount, according to data from the Association of Investment Companies, aiming to maximise capital return "by way of timely disposals, including trade stales of the company's strategic holdings". H1 investment company review: leaders and laggards re...

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