31 October 2023

Crimson Tide plc

("Crimson Tide" or "the Company")

Result of GM, Share Consolidation

&

Total Voting Rights

Crimson Tide plc (TIDE), the provider of the mpro5 solution, is pleased to announce that, at its General Meeting ("GM") held earlier today, the resolution set out in the Notice of General Meeting sent to Shareholders on 5 October 2023, was duly passed.

Share Consolidation

As previously announced on 6 October 2023, 66 New Ordinary Shares have been issued to ensure that as part of the Share Consolidation an exact whole number of Consolidated Ordinary Shares are issued. At the Record Date, being 6.00 p.m. today, the 657,486,300 Existing Ordinary Shares will be consolidated into 6,574,863 Consolidated Ordinary Shares.

Existing share certificates will cease to be valid following the Share Consolidation. New share certificates in respect of the Consolidated Ordinary Shares will be issued by first class post at the risk of the shareholder within ten business days of Admission. A CREST Shareholder will have their CREST account credited with their Consolidated Ordinary Shares following Admission.

Admission to trading on AIM and Total Voting Rights

Application has been made to the London Stock Exchange for the Consolidated Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 1 November 2023.

The New Ordinary Shares will trade under the ISIN: GB00BRJRV969 and SEDOL: BRJRV96.

Following Admission, the share capital of the Company will be comprised of 6,574,863 New Ordinary Shares of which no shares are held in treasury. Therefore, the total number of voting rights in the Company is 6,574,863. Shareholders may use this figure as the denominator for 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 FCA's Disclosure and Transparency Rules.

This announcement should be read in conjunction with the Company's announcements titled 'Proposed Share Consolidation' and 'Further re: Proposed Share Consolidation' (the "Announcements").  Capitalised terms in this announcement have the same meaning as given in the Announcements, unless the context provides otherwise.

-Ends-

Enquiries:

Crimson Tide plc +44 1892 542444

Barrie Whipp / Jacqueline Daniell / Shaun Mullen

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

 
Crimson Tide provides mpro5, the Smart App Solution. For further information, see mpro5.com and on Crimson Tide plc, crimsontide.co.uk