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 and on Crimson Tide plc, 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 or visit 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.
 
END
 
 
BOAEASXNADALEFA