Ideagen Limited made a conditional and non-binding proposal to acquire Crimson Tide plc (AIM:TIDE) for £20.5 million on June 14, 2024. Ideagen made a possible cash offer for the Company at a price of £3.12 per Crimson Tide share. The Board is considering the Ideagen Proposal and further updates will be provided as appropriate.

This announcement is made without the consent of Ideagen and there can at this stage be no certainty that any firm offer will be made by Ideagen nor as to the terms of any firm offer. Ideagen must by no later than on 19 July 2024 (being 28 days after today's date), either announce a firm intention to make an offer for Crimson Tide or announce that it does not intend to make an offer for Crimson Tide, in which case this announcement will be treated as a statement. Cavendish Capital Markets Limited acted as advisor to Crimson Tide.

Neville Registrars Limited acted as Registrar agent to Crimson.