REG - Crimson Tide PLC - Further re: Proposed Share Consolidation

Crimson TideAnnouncement

06/10/2023 07:00

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RNS Number : 8976O  Crimson Tide PLC  06 October 2023

6 October 2023

 

 

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Further re: Proposed Share Consolidation

Issue of Equity & TVR

Crimson Tide Plc (TIDE), the provider of the mpro5 solution, announces that,
further to the Company's announcement on 5 October 2023 regarding the proposed
Share Consolidation, application has been made for the admission of 66 new
ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares") to be admitted to trading on AIM.

As explained in the previous announcement on 5 October 2023, the Ordinary
Shares have been issued to ensure the Company's issued share capital is
exactly divisible by the proposed consolidation ratio of 100:1.

Admission of the Ordinary Shares is expected to occur at 8:00 a.m. on 11
October 2023 ("Admission").

Total Voting Rights

Following Admission, the Company will have a total of 657,486,300 Ordinary
Shares in issue. No Ordinary Shares are held in treasury. The figure of
657,486,300 may be used by the Company's shareholders as the denominator in
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Enquiries:

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 901979

Josh Royston

 

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