REG - Crimson Tide PLC - Board Changes

Crimson TideAnnouncement

17/04/2024 10:15

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RNS Number : 9733K  Crimson Tide PLC  17 April 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

 

 

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Board Changes

 

Crimson Tide plc (TIDE), the provider of the mpro5 process management app, is
pleased to announce the following Board changes which take effect today.

 

Philip ('Phil') Douglas James Meyers will join the Board as Chief Executive
Officer ("CEO"), having joined Crimson Tide's Operating Board in August 2023
as Chief Operating Officer, a role in which he has made an immediate impact.
Phil is an accomplished leader in global technology companies, most recently
with HiSky Limited (2019 - 2022), a leading developer and provider of
satellite Internet of Things (IoT) networks where he held the role of UK CEO.
He has previously held the roles of Vice President of Capabilities and
Innovation at Inmarsat Global Limited (2014 - 2019), the world leader in
global mobile satellite communications, and Channel Sales Manager for
BlackBerry Limited (2011 - 2014). Phil has significant experience in launching
and improving partner-led growth strategies in the UK and USA. He holds a
Master of Business Administration from ENEB Business School.

 

James Richard Joyce will join the Board as an Independent Non-Executive
Director. James is a chartered accountant and experienced corporate finance
director with significant experience of the AIM market.  Since 2005, he has
been a corporate finance director at WH Ireland, the broking and corporate
advisory firm. James was previously a corporate finance director at Sigma
Capital (2000 - 2005). James qualified as an ACA and has formerly held
positions at the London Stock Exchange and Arthur Andersen, the global
accounting and advisory firm. James will chair the Audit Committee following
the completion of this year's audit.

 

Jacqueline Daniell, the Company's current CEO, will remain on the Board and
take the newly created role of Non-Executive Deputy Chair, and will focus on
assisting the Company's efforts in marketing, growth and Investor Relations.

 

Barrie Whipp, Chairman of Crimson Tide, commented: "Phil has demonstrated the
ability to lead the Company into its next period of growth and innovation.
More importantly he has gained the trust of the Board and staff and I endorse
him wholeheartedly. Jacqui will now be able to use her extensive experience in
marketing, growth and Investor Relations to help us with our expansion
strategy. I will focus on product innovation and international opportunities.
James Joyce has a wealth of Capital Markets knowledge with a real
understanding of the requirements of AIM-listed growth companies. I am sure
that the Board will be enhanced by these appointments."

 

Regulatory Disclosures:

The following disclosures are made pursuant to AIM Rule 17 and Schedule 2(g)
of the AIM Rules for Companies:

 

In addition to his appointment as an Independent Non-Executive Director of
Crimson Tide, James Richard Joyce aged 54, does not hold any current
directorships and has not held any directorships in the five years preceding
his appointment at Crimson Tide plc. James Joyce holds no ordinary shares in
the Company.

 

In addition to his appointment as Chief Executive Officer of Crimson
Tide, Philip Douglas James Meyers aged 44, does not hold any current
directorships and has not held any directorships in the five years preceding
his appointment at Crimson Tide plc. Philip Meyers holds no ordinary shares in
the Company.

 

Save as set out above, there is no further information to be disclosed under
Schedule Two paragraph (g) of the AIM Rules.

 

  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/)

 

 

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