REG - Crimson Tide PLC - Board changes

Crimson TideAnnouncement

31/05/2023 07:00

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RNS Number : 0767B  Crimson Tide PLC  31 May 2023

31 May 2023

 

This announcement contains Inside Information

 

 

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Board changes

 

Crimson Tide plc (TIDE), the provider of the mpro5 Smart App Solution,
announces the following Board changes, which will take effect immediately
following the Company's AGM on 20 June 2023.

 

Janet Morris and Stephen Brewer will join the Board as independent
non-executive directors, and Shaun Mullen, currently Head of Finance, will
join the Board as Finance Director. Stephen Goodwin and Tony Knowles,
non-executive directors of the Company, are retiring, and Peter Hurter,
finance director, will leave the Company to pursue other career opportunities.
Peter will remain a consultant to the Company. Thomas England will step down
from the Board to join a newly formed Operating Board.

 

Janet Morris is an accomplished global commercial leader with significant
international experience with Cambridge International Education (2009-2019),
part of Cambridge University Press & Assessment, the global education and
assessment organisation.  She served as interim CEO (2018) and Director of
International Sales & Marketing (2009-2018), where she was responsible for
the leadership and development of a global network of 175 people in over 160
countries over a nine-year period.  Janet has also held a variety of interim
leadership and consultancy roles as part of a portfolio career in a diverse
array of organisations and industry sectors, including EdTech, publishing,
professional services, legal, construction, property, environment, technology,
travel, aviation, local and national government bodies.

 

Janet will Chair the Remuneration Committee and join the Audit Committee

 

Stephen Brewer is an experienced non-executive and strategic board adviser, as
well as a former CEO and C-level executive with Eircell, Vodafone, O2 UK,
Orange France, Cable & Wireless and Digicel. Whilst CEO at Eircell, he
oversaw the mobile operator's growth from 100,000 to 1.6 million customers and
played a key role in the IPO of its parent company Eircom before leading
Eircell's sale to Vodafone for $3.5 billion. He has planned and led the
successful delivery of major infrastructure and complex, transformational
projects in Ireland, the UK, France, and the Caribbean. He acts as an advisor
to Science Foundation Ireland and Enterprise Ireland and has also advised
Ireland's Department of the Environment, Climate and Communications. Stephen
was a founding Director of Apple Computer UK.

 

Stephen will Chair the Audit Committee and join the Remuneration Committee

 

Shaun Mullen joined the Company in 2023 as Head of Finance and will now assume
the role of Finance Director & Company Secretary. Shaun trained at Baker
Tilly (now RSM) and joined PWC's advisory team as a Corporate Finance Manager.
His career includes spells as Finance Director for the British Private Equity
and Venture Capital Association (BVCA), Kesslers International and Coffee
Planet. Shaun has international experience in the Middle East.

 

Further details on Janet Morris, Stephen Brewer and Shaun Mullen are set out
below.

 

Barrie Whipp, Chairman, commented: "We continue to position the Company for
further growth, and I am delighted to welcome Janet, Stephen, and Shaun to the
Board. It should be noted that all these new Directors have international
experience, and our early-stage growth beyond the UK and Ireland offers
opportunities for them to contribute immediately. The new Non-Executive
Directors have experience from larger organisations, and we look forward to
their counsel. We are confident that we have chosen two exceptional
candidates.

 

I would like to sincerely thank those retiring from the Board for their
service. Tony is very busy with other projects, while Peter has an opportunity
to move on to pastures new, having been a great support to the team for around
five years. Thomas England will remain with the Company on our new Operating
Board. Finally, Steve Goodwin has been fundamental to our success and has
contributed immeasurably as Finance Director, CEO and Non-Executive Director."

 

For further information, please contact:
 
 Crimson Tide plc                                   +44 1892 542444
 Barrie Whipp / Jacqueline Daniell
 finnCap (Nominated adviser and Broker)
 Corporate Finance: Julian Blunt / Milesh Hindocha  +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

 

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

 

The following information regarding the appointment of Janet Rosemary Morris
(married surname: Bidwell), aged 58, is disclosed under Schedule 2(g) of the
AIM Rules for Companies:

 

 Current directorships and/or partnerships:   Former directorships and/or

                                              partnerships (within the last five years):

 Unity Schools Partnership Education Ltd      -
 Unity Schools Partnership
 Roffey Park Institute Limited
 Walk the Walk Worldwide
 Alliance Française de Cambridge
 Arche Consulting International Ltd

-

 

The following information regarding the appointment of Stephen James Brewer,
aged 75, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 

 Current directorships and/or partnerships:  Former directorships and/or partnerships (within the last five years):

 Cellusys IoT Limited                        IT Rollout Consultancy Limited
 ChildVision Company Limited Guarantee       Magnet Networks Limited
 Hapi Business Consultancy Limited           Obelisk International Group Holdings Limited
 Velona Systems Limited

Roe Lane Limited entered a creditors voluntary liquidation process on 10 July
2014, within a year of Mr. Brewer ceasing to be a director (on 31 January
2014). According to the liquidator's final statement of account dated 6
January 2016, preferential and unsecured creditors received a total of EUR
72,185.

 

The following information regarding the appointment of Shaun Robert Mullen,
aged 46, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 

 

 Current directorships and/or partnerships:  Former directorships and/or partnerships (within the last five years):

 -                                           Oscivia Finance Solutions Limited

 
 

 

There is no further information to be disclosed in relation to any of the
above director appointments pursuant to Rule 17 and Schedule 2, paragraph (g)
of the AIM Rules.

 

 

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