REG - Crimson Tide PLC - Board Changes

Crimson TideAnnouncement

30/07/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240730:nRSd2689Ya&default-theme=true

RNS Number : 2689Y  Crimson Tide PLC  30 July 2024

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation 596/2014 which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time. Upon the publication of this announcement, this inside information is
now considered to be in the public domain

 

30 July 2024

 

 

Crimson Tide plc

("Crimson Tide", "the Company" or "Group")

 

Board Changes

 

Crimson Tide plc (TIDE), the provider of the mpro5 process management app,
announces the following Board changes.

 

Barrie Whipp has informed the Board that he is stepping down as Chair and
Board director of the Company with effect from today. Jacqueline Daniell,
currently Non-Executive Deputy Chair, will become Chair. Barrie will remain
with the Group as an advisor to the Board.

 

In addition, the Company announces the re-appointment of Peter Hurter to the
Board as Group CFO, effective immediately.  Shaun Mullen, current Group CFO,
has stepped down from the Board today and will remain with the Group until 31
August 2024 to ensure an orderly handover.

 

Peter Hurter has previously served as Group CFO between 2018 and 2023 and has
been COO since 1 June 2024, in a non-board capacity.  Peter is a Chartered
Accountant qualifying with Deloitte in South Africa in 2005. Amongst other
previous roles he was a director of Moore Stephens Chartered Accountants in
South Africa and Finance Director of De Keur Estate (Pty) Ltd, a large
agri-processing group. Further information on Mr Hurter is set out below.

Barrie Whipp, commented: "It is now time to pass on the torch to Jacqueline
who, with a strong and committed executive board along with the guidance of
our Non-Executive Directors, has my complete confidence. I look forward to
seeing the company prosper under Jacqui's stewardship, both as an adviser and
a significant shareholder."

 

Regulatory Disclosures:

The following disclosures are made in respect of Mr Hurter pursuant to AIM
Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

 

Pieter ('Peter') Maree Hurter, aged 47, holds or has held the following
directorships or partnerships in the past five years.  Peter currently holds
885 shares in the Company.

 

 Current  Previous
 None     Crimson Tide plc
          Crimson Tide mpro Ltd
          Crimson Tide Services Ltd
          Crimson Tide (IE) Ltd
          Mpro5, Inc
          Tax Fusion Ltd

 

 

  For further information, please contact:
 
 Crimson Tide plc                                                  +44 1892 542444
 Barrie Whipp / Jacqueline Daniell
 Cavendish Capital Markets Limited (Nominated adviser and Broker)               +44 20 7220 0500
 Julian Blunt / Dan Hodkinson - Corporate Finance
 Andrew Burdis - Corporate Broking
 Alma PR - (Financial PR)                                                       +44 7780 901 979
 Josh Royston

 

Crimson Tide provides mpro5, the process management app. For further
information, see mpro5.com (http://www.mpro5.com) and on Crimson Tide plc,
crimsontide.co.uk (http://www.crimsontide.co.uk/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEASXNADALEFA