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Pin to quick picksCrimson Tide Regulatory News (TIDE)

Share Price Information for Crimson Tide (TIDE)

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Share Price: 160.00
Bid: 155.00
Ask: 165.00
Change: 7.00 (4.58%)
Spread: 10.00 (6.452%)
Open: 153.00
High: 160.00
Low: 153.00
Prev. Close: 153.00
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Placing & Borrowing Facility

23 Apr 2008 15:58

Crimson Tide PLC23 April 2008 Crimson Tide Plc (the "Company") Issue of Equity and Borrowing Facility 23 April 2008 Crimson Tide Plc is pleased to announce that it has raised approximately£300,000 before expenses by way of a placing of 24,820,513 new Ordinary Sharesof 1p each at 1.21875p (the "Placing Shares") from institutional and otherplacees. These funds will be used to continue the development of the businessand for general working capital purposes. In addition, the Company is also in advanced negotiations to secure a borrowingfacility of up to £600,000 to finance growth in contracted business, with anassociated option to subscribe for 24,615,385 ordinary shares, exercisable at aprice of 1.21875p. Application for admission of the Placing Shares ("Admission") has been madetoday and is conditional on the resolutions to be proposed at the generalmeeting of the Company to be held on 25 April 2008 to approve, inter alia, theincrease of authorised share capital, to grant the directors authority to allotshares and to disapply statutory pre-emption rights, being passed. If theresolutions are approved, Admission is expected to occur on 29 April 2008. Following Admission, the Company will have 315,765,953 Ordinary Shares in issue. The above figure may be used by shareholders as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, the Company. Barrie Whipp, Chairman, of Crimson Tide, commented: "We are delighted that we have been able to secure this additional funding whichwill allow us to service the healthy pipeline of new business that we have, asCrimson Tide continues to grow. To raise these funds in such a tricky marketplace is testament to the opportunities that lie ahead for this Company as wecontinue to drive it towards profitability and beyond." Enquiries: Crimson Tide Plc 01892 542 444 Barrie Whipp, Executive Chairman W.H. Ireland Limited 0121 265 6330 Tim Cofman/Katy Birkin This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
20th Jul 20117:00 amRNSStrategic Partnership
29th Jun 201112:27 pmRNSResult of AGM
6th Jun 20114:03 pmRNSAnnual Report and Notice of AGM
31st May 20117:54 amRNSTotal Voting Rights
12th May 20117:01 amRNSExercise of option and repayment of debt
12th May 20117:00 amRNSFinal Results
19th Apr 20117:00 amRNSChange of Adviser
16th Feb 201111:59 amRNSHolding(s) in Company
15th Feb 20117:00 amRNSHolding(s) in Company
4th Feb 20117:00 amRNSHolding(s) in Company
31st Jan 20117:00 amRNSContract with Associated Newspapers
17th Jan 20117:00 amRNSIssue of Equity
17th Nov 201011:09 amRNSHolding(s) in Company
14th Oct 20107:00 amRNSIssue of Equity
28th Sep 20107:00 amRNSHalf Yearly Report
31st Aug 20107:01 amRNSCrimson Tide wins first South African Contract
29th Jun 20102:39 pmRNSResult of AGM
2nd Jun 20107:00 amRNSAnnual Financial Report
10th May 20107:00 amRNSFirst Own Brand Mobile Software Product
7th May 20102:50 pmRNSGrant of Options
13th Apr 20107:00 amRNSPreliminary Results
9th Apr 20107:00 amRNSContract Win
7th Apr 20107:00 amRNSTechnology provider for study on ageing
18th Mar 20103:37 pmRNSExtension of Loan Facility
2nd Mar 20107:00 amRNSChange of Adviser
20th Oct 20097:00 amRNSChange of Adviser
1st Oct 20099:39 amRNSTotal Voting Rights
8th Sep 20097:00 amRNSDisposal of part of trade in Ireland
2nd Sep 20097:01 amRNSBlocklisting Interim Review
2nd Sep 20097:00 amRNSExercise of Warrants and Director Dealing
11th Aug 20095:45 pmRNSHalf Yearly Report (Replacement)
11th Aug 20097:00 amRNSHalf Yearly Report
30th Jun 20091:00 pmRNSResult of AGM
16th Jun 20097:00 amRNSAcquisition of Trade
9th Jun 200910:10 amRNSAnnual Financial Report
8th Jun 20097:00 amRNSFinal Results
29th May 20093:53 pmRNSHolding(s) in Company
28th May 20097:00 amRNSYes Telecom Partnership
1st May 20091:13 pmRNSTotal Voting Rights
1st May 20091:11 pmRNSBlocklisting Interim Review
20th Jan 20092:49 pmRNSDirector/PDMR Shareholding
6th Nov 200811:47 amRNSGrant of Options
31st Oct 20087:00 amRNSBlocklisting Interim Review
25th Sep 20082:20 pmRNSInterim Results - Correction
25th Sep 20087:00 amRNSInterim Results
6th Aug 20087:00 amRNSBorrowing Facility
25th Jul 200812:20 pmRNSResult of AGM
21st Jul 20087:00 amRNSDirector/PDMR Shareholding
30th Jun 20088:51 amRNSAnnual Report and Accounts
30th Jun 20087:00 amRNSPreliminary Results

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