19th Oct 2009 07:00
19 October 2009
Crystal Amber Fund Limited
("Crystal Amber Fund" or the "Company")
Statement re: investment in JJB Sports plc
Crystal Amber Fund confirms that it has committed to subscribe for 28,453,368 shares in the proposed firm placing of shares in JJB Sports plc ("JJB"), as announced by JJB on 12 October 2009.
The Company also confirms that following the sale of 22,000,000 shares on 14,15 and 16 October, its current shareholding, prior to the proposed placing, is 13,670,819 shares, equivalent to 5.45 per cent. of the current issued share capital of JJB. The shares were sold at 32.6p per share and were acquired between April and June 2009 at 22.43p per share. This represents a realised profit of 45.3 per cent.
William Collins, Chairman of Crystal Amber Fund, commented:
"We have been actively involved with recent developments at JJB and welcome the proposed fundraising.
We intend to continue to play a full role in helping JJB with its recovery programme. Following the placing, JJB will remain the largest holding of Crystal Amber Fund and we retain a significant shareholding in JJB's much enlarged capital base."
Enquiries:
|
Crystal Amber Fund Limited |
|
|
William Collins |
Tel: 01481 716 000 |
|
Merchant John East Securities Limited |
|
|
Bidhi Bhoma / Simon Clements |
Tel: 020 7628 2200 |
Related Shares:
Crystal AmberJJB.L