IN BRIEF: Mobile Tornado extends pref share redemption date with Holf

Mobile Tornado Group PLC - Harrogate, England-based provider of resource management mobile solutions - Agrees with Holf Investments Ltd to an extension to the redemption date of the preference shares from the end of 2025 until on or before the end of 2026. Mobile Tornado currently owes Holf GBP12.6 million, consisting of GBP5.7 million of redeemable preference shares, GBP4.1 million of accrued preference share coupon and interest and GBP2.1 million of short-term borrowings. The extension will require a minor amendment to the company's articles of association and will therefore be subject to shareholder approval at the annual general meeting.

Current stock price: 1.30 pence, down 10% in London on Wednesday

12-month change: down 30%

By Jeremy Cutler, Alliance News reporter

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