CRIMSON TIDE PLC

Legal Proceedings Report • Feb 24, 2016

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RNS Number : 0523Q

Crimson Tide PLC

24 February 2016

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

This information is provided by RNS

The company news service from the London Stock Exchange

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