Business
Disposal of part of trade in
Disposal of part of trade in.
About this update from Crimson Tide Plc
[{"type":"text","content":"\n RNS Number : 6585Y Crimson Tide PLC 08 September 2009 \n \nCrimson Tide Plc (the 'Company')\n(A leading service provider of mobility solutions for business)\n\nDisposal of part of trade in Ireland\n\n8 September 2009\n\nCrimson 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 €105,000, depending on renewals of support contracts over the coming year. The consideration will be used for working capital purposes. \n\nBarrie Whipp, Chairman of Crimson Tide plc, commented:\n\n'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.'\n\nEnquiries:\n\n\n\n\n\nCrimson Tide Plc\nBarrie Whipp, Executive Chairman\n\n\n\n01892 542 444\n\n\n\n\n\nW.H. Ireland Limited\nTim Cofman/Katy Birkin\n\n\n\n0121 265 6330\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCCKOKQPBKDCCK \n ","length":3034,"tagName":"div"}]