REG - Crimson Tide PLC - Board Changes

Crimson TideAnnouncement

02/08/2022 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220802:nRSB5155Ua&default-theme=true

RNS Number : 5155U  Crimson Tide PLC  02 August 2022

02 Aug 2022

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Board Changes

 

 

Crimson Tide Plc (TIDE), the provider of the mpro5 solution, is pleased to
announce the following changes to its Board of Directors, reflecting its
growth ambitions and providing the right level of governance to achieve them.
All changes and appointments will become effective as of August 2, 2022.

 

Luke Jeffrey, currently CEO, has decided that he wishes to focus on his key
skills and passion for driving the mpro platform forward. Luke will remain an
Executive Director and will move roles to become Product Director. This role
will be responsible for all app variants underpinned by the mpro platform.
Luke will remain at the forefront of evangelising the platform to all
stakeholders, including customers and investors.

 

Jacqueline Daniell, currently a Non-Executive Director, will become Group
Chief Executive Officer. Jacqueline joined the Board in January 2021. Prior to
Crimson Tide, she was Chief Executive of Wey Education PLC and oversaw its
growth on the AIM market through to its eventual sale to Inspired Education in
April 2021. She will be responsible for implementing the Group's strategy
across all areas of the business, working closely with the Chairman Barrie
Whipp.

 

The Company is pleased to announce the appointments of two new Directors.
Anthony ("Tony") Knowles, aged 58, is currently Chief Operating Officer of
King's InterHigh, part of Inspired Education Plc, the leading global Group of
premium schools. Tony joins as an independent Non-Executive Director and will
also Chair the Remuneration committee. Tony's skills embrace operational and
sales direction as well as HR. The Company is also pleased to announce the
appointment of Thomas England, aged 32, as Technical Director. Thomas joined
the Company 8 years ago and has worked his way to head up the Company's
software team, responsible for delivering all front-end and back-end
development across the mpro platform.

 

Barrie Whipp, Chairman, commented: "We are very fortunate to be able to draw
on such a strong skill base as we drive the business forward and capitalise on
our market opportunity. I have worked with Jacqueline for several years and
greatly respect her ability to lead a committed Executive Board. Having been
on the Board as a Non-Executive for over a year, she fully understands our
business. Luke has done an excellent job as CEO, and I thank him sincerely.
Focusing on his new role as Product Director will enable him to concentrate on
his true passion; product development and innovation, the heartbeat of our
business. This change is very exciting as we expand the Company vertically by
sector and geographically.

 

"I am also excited to welcome Tony and Thomas to the Board. Both bring unique
skills and experience that we can all draw upon and will prove invaluable as
we continue to grow. I look forward to working with them."

 

 

Notes:

 

Anthony Knowles is a serving Director of Wey Education Limited
(https://find-and-update.company-information.service.gov.uk/company/06342555)
.

 

Within the past five years, he has held the following directorships:-

Hunslet Cars Limited (https://find-and-update.company-information.service.gov.uk/company/10823011)

Wheels Private Hire Limited (https://find-and-update.company-information.service.gov.uk/company/10823137)

Veezu Holdings Limited (https://find-and-update.company-information.service.gov.uk/company/09378357)

V Cars Limited (https://find-and-update.company-information.service.gov.uk/company/10803302)

 

Thomas England holds options over 800,000 ordinary shares in the Company
exercisable at a price of 2.21p per share under the terms of the Company's EMI
Scheme.

 

There are no further disclosures required in relation to Schedule 2(g) of the
AIM Rules in respect of either Thomas George Frank England or Anthony Gilbert
Knowles.

 

 

For further information, please contact:

 

 Crimson Tide plc                                  Via Alma PR
 Barrie Whipp / Jacqueline  Danielle

 finnCap  (Nominated adviser and Broker)
 Corporate Finance: Julian Blunt / James Thompson   +44 20 7220 0500
 Corporate Broking: Andrew Burdis                  +44 20 7220 0500

 Alma PR - (Financial PR)
 Josh Royston / Will Ellis Hancock                 +44 7780 901 979

 

For further information on Crimson Tide plc, see the websites
at: www.crimsontide.co.uk (http://www.crimsontide.co.uk/) and www.mpro5.com
(http://www.mpro5.com) .

 

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  BOAEAKPFEEEAEFA