Chrysalis Investments Limited has announced the details for its fifth Annual General Meeting (AGM) and Extraordinary General Meeting (EGM). The AGM is scheduled for March 15, 2024, at the Company's registered office in Guernsey. The Notice of AGM includes a resolution for the continuation of the Company, with the Board unanimously recommending that Shareholders vote in favor of the Continuation Resolution.

The Company's formation aimed to take advantage of the trend for growth companies to source expansion capital from private markets rather than public ones. The Board has engaged with a substantial majority of the Company's ordinary share register regarding the Continuation Resolution, with a broad consensus that the Company's continuation is in Shareholders' interests.

Chrysalis Investments Limited's longer-term strategy is to provide Shareholders with access to an attractive portfolio of approximately 15 later stage companies capable of above-average growth. The proposed Capital Allocation Policy (CAP) is designed to recognize shorter-term cyclical considerations, with a three-year extension to the life of the Company being proposed at the forthcoming AGM. The Company aims to demonstrate its ability to return to its long-term purpose of making investments and realize such investments to Shareholders.

In summary, the Board believes that the Company has demonstrated an ability to invest in a number of fast-growing businesses and expects to be able to demonstrate the ability to realize such investments to Shareholders. The Board is encouraging Shareholders to vote in favor of the Continuation Resolution, emphasizing the Company's potential to return to its long-term investment purpose.