Last checked at 24 Feb 2016 15:34
CRIMSON TIDE PLC
("Crimson Tide" or "the Company")
RESULT OF COURT HEARING
Further to the announcement on 30 December 2015, Crimson Tide announces that the Court has confirmed the reduction of capital of the Company at a hearing earlier today and the Court order and statement of capital have been delivered to and registered by Companies House. The reduction of capital is therefore effective with the nominal value of each Ordinary Share in the Company reduced from one penny to 0.1 pence per share and the Company's Deferred Shares of 19 pence each, Share Premium Account and Capital Redemption Reserve cancelled. Trading in the shares with a nominal value of 0.1 pence will commence on 25 February 2016.
Details of the reduction of capital were set out in the Circular published by the Company on 30 December 2015.
For further information, please see www.crimsontide.co.uk / www.mpro5.com or contact:
Crimson Tide plc
Barrie Whipp 01892 542 444
Steve Goodwin
W.H. Ireland Limited
James Joyce / 020 7220 1666
James Bavister
Allerton Communications
Peter Curtain 020 3137 2500
peter.curtain@allertoncomms.co.uk