Rns...28 Aug 2013 12:39
Mobile Tornado Group PLC
28 August 2013
THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
28 August 2013
Mobile Tornado Group plc ("Mobile Tornado" or the "Company")
Result of General Meeting
On 2 August 2013, Mobile Tornado (AIM: MBT), the Instant Communications services provider for mobile devices, announced the proposed Placing of 20,000,000 new Ordinary Shares at 20 pence per Ordinary Share to raise gross proceeds of GBP4.0 million. Also announced on that date was a proposed reorganisation of certain of its capital under which, in aggregate, GBP4.0 million of funds payable to InTechnology will be capitalised into 20,000,000 new Ordinary Shares and a further amount of approximately GBP2.7 million of funds payable to InTechnology will be capitalised into Capital Reorganisation Preference Shares. In addition, it was proposed that the Existing Preference Shares have their rights amended to become Amended Preference Shares. Both the Placing and the Capital Reorganisation are subject, inter alia, to approval by Shareholders of Resolutions 1 and 2 set out in the Notice of General Meeting.
The Company is pleased to announce that all of the Resolutions were passed at the General Meeting which took place earlier today.
The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 29 August 2013. The Capital Reorganisation remains conditional, inter alia, upon Capital Reorganisation Admission. Capital Reorganisation Admission is expected to become effective at 8.00 a.m. on 29 August 2013.
As at the date of this announcement the issued ordinary share capital of the Company is 184,953,708 Ordinary Shares of two pence each. Immediately following Admission and Capital Reorganisation Admission the issued ordinary share capital of the Company is expected to be 224,953,708 Ordinary Shares of two pence each.
Terms defined in the circular dated 2 August 2013 have the same meaning in this announcement, save where the context otherwise requires.
Enquiries:
Mobile Tornado Group plc www.mobiletornado.com
Jeremy Fenn, Chief Executive +44 (0)7734 475 888
Investec Bank plc (Nominated Adviser & Broker) +44 (0)20 7597 4000
Andrew Pinder, Dominic Emery,
Carlton Nelson, Sebastian Lawrence
Walbrook PR Ltd +44 (0)20 7933 87