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Exercise of Options

23 Jan 2018 16:16

RNS Number : 7105C
Mobile Tornado Group PLC
23 January 2018
 

23 January 2018

 

Mobile Tornado Group plc

("Mobile Tornado" or the "Group")

 

Exercise of Share Options

 

Mobile Tornado (AIM: MBT), the leading provider of instant communication mobile applications to the enterprise market, announces that an employee has exercised options over 87,047 new ordinary shares of 2 pence each in the Company ("New Ordinary Shares"), under the Group's Employee Share Option Plan. The exercise price of the options is 2 pence per share.

 

Application has been made to the London Stock Exchange for a total of 87,047 New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 26 January 2018. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

 

Total voting rights

 

Following Admission, the Group's enlarged share capital will comprise 298,440,236 ordinary shares. This figure may be used by shareholders in the Group as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further details please contact: 

 

Mobile Tornado Group plc

www.mobiletornado.com

Jeremy Fenn, Executive Chairman

Avi Tooba, Chief Executive Officer

via Walbrook PR

 

 

Investec Bank plc (Nominated Adviser & Broker)

+44 (0)20 7597 4000

Andrew Pinder / Carlton Nelson

 

 

 

Walbrook PR Ltd

+44 (0)20 7933 8780

Paul Cornelius

 or mobiletornado@walbrookpr.com

Helen Cresswell

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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