Mobile Tornado Group PLC Grant of Options (8006O)

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RNS Number : 8006O

Mobile Tornado Group PLC

10 November 2016

Mobile Tornado Group plc

("Mobile Tornado" or the "Group")

Grant of Options

Mobile Tornado (AIM: MBT), the leading provider of instant communication mobile applications to the enterprise market, announces the following grant of options over ordinary shares of 2 pence ("Ordinary Shares") each in the Group and pursuant to the 2008 Israeli share option plan to the following Executive Director:

 
 Executive Director   No. of options   Exercise price 
 Abraham ('Avi')      2,000,000        4.0 pence 
  Tooba

The options were granted on 4 November 2016 and may not be exercised prior to 4 November 2019 (save as may be provided under the Rules of the Scheme).

Following this award, Avi's total options over Ordinary Shares in the Group is 4,000,000.

Enquiries:

 
 Mobile Tornado Group plc           www.mobiletornado.com 
 Jeremy Fenn, Executive Chairman    via Walbrook PR 
  Avi Tooba, Chief Executive 
  Officer 
 
 Investec Bank plc (Nominated 
  Adviser & Broker)                 +44 (0)20 7597 4000 
 Dominic Emery / 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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November 10, 2016 03:00 ET (08:00 GMT)

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