REG - Crimson Tide PLC - Concert Party Update

Crimson TideAnnouncement

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RNS Number : 8733V  Crimson Tide PLC  09 March 2026

9 March 2026

Crimson Tide plc

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

 

Confirmation of changes to the concert party

 

Crimson Tide, the provider of the mpro5 process management app, announces
recent changes to the composition of the concert party in respect of the
Company.

 

Under the City Code on Takeovers and Mergers (the "Code") published by the
Panel on Takeovers and Mergers (the "Panel"), a concert party arises where
persons who, pursuant to an agreement or understanding (whether formal or
informal), co-operate to obtain or consolidate control (as defined in the
Code) of a company or to frustrate the successful outcome of an offer for a
company.

 

Certain persons will be presumed, as set out in the Definitions in the Code,
to be persons acting in concert with other persons in the same category unless
the contrary is established, including shareholders in a private company who
sell their shares or interests in consideration for the issue of new shares in
a company to which the Code applies, or who, in connection with an initial
public offering or otherwise, become shareholders in a company to which the
Code applies.

 

At the time of its admission to AIM on 22 August 2006, the Company stated in
its AIM Admission Document that it had agreed with the Panel that a concert
party existed in the context of the Company (the "IPO Concert Party") which
held approximately 76% of the Company's issued share capital. Material
developments since that time have prompted a review of the IPO concert party,
including a share consolidation; the deaths of several IPO Concert Party
members; and the disassociation of certain IPO Concert Party members.

 

Accordingly, the Company has now agreed with the Panel that the IPO Concert
Party is now comprised of the following members, who together hold
approximately 19.96% of the Company's issued share capital:

 

 Shareholder                                   No. shares  %

 Barrie and Helen Whipp                        628,102     9.55%
 Stephen Keith Goodwin                         258,715     3.94%
 Graham Basil Ashley                           181,097     2.75%
 Fred Whipp                                    100,000     1.52%
 Goodwin Accumulation & Maintenance Trust      91,500      1.39%
 Rowley Stuart Ager                            50,000      0.76%
 James Millard                                 2,750       0.04%
 Total                                         1,312,164   19.96%

 

Under Rule 9 of the Code, any person who acquires an interest in shares which,
taken together with shares in which that person or any person acting in
concert with that person is interested, carry 30% or more of the voting rights
of a company which is subject to the Code is normally required to make an
offer to all the remaining shareholders to acquire their shares.

 

Enquiries:

 

 Crimson Tide plc                                              +44 1892 542444

 Chris Fielding, Non-Executive Chair

 Jon Clarke, Chief Executive Officer

 Rachael Rowe, Finance Director

 Allenby Capital Limited - Nominated Adviser & Broker          +44 (0)20 3328 5656

 Jeremy Porter / Ashur Joseph (Corporate Finance)              info@allenbycapital.com

 Tony Quirke / Lauren Wright (Sales & Corporate Broking)

 

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