RNS Number : 6585Y
Crimson Tide PLC
08 September 2009
Crimson Tide Plc (the "Company")
(A leading service provider of mobility solutions for business)
Disposal of part of trade in Ireland
8 September 2009
Crimson Tide plc is pleased to announce that it has disposed of its Time & Attendance business in Ireland to Harken Time Solutions Limited, trading as "Timeworks" for a maximum cash consideration of EUR105,000, depending on renewals of support contracts over the coming year. The consideration will be used for working capital purposes.
Barrie Whipp, Chairman of Crimson Tide plc, commented:
"In order to focus on our exciting opportunities in mobile data solutions, we have decided to dispose of our Time & Attendance activities in Ireland. Timeworks has been known to us for many years and the disposal represents an ideal opportunity to ensure a smooth transition for our Time & Attendance customers."
Enquiries:
Crimson Tide Plc
Barrie Whipp, Executive Chairman 01892 542 444
W.H. Ireland Limited
Tim Cofman/Katy Birkin 0121 265 6330
This information is provided by RNS
The company news service from the London Stock Exchange
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