Mobile Tornado Group PLC Grant of Options (5986I)

TIDMMBT

RNS Number : 5986I

Mobile Tornado Group PLC

20 June 2017

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 Group's UK & Israeli share option plans to the following Executive Directors:

 
 Executive Director      No. of options   Exercise 
                                           price 
 Abraham ('Avi') Tooba   3,000,000        6.5 pence 
 Jeremy Fenn             3,000,000        6.5 pence

The options were granted on 15 June 2017 and may not be exercised prior to 15 June 2020 (save as may be provided under the Rules of the Scheme) and are subject to certain performance criteria being met.

Following this award, Avi Tooba holds 3,000,000 Ordinary Shares of 2p in Mobile Tornado representing 1.1% of the issued share capital, and 7,000,000 options.

Following this award, Jeremy Fenn holds 11,434,752 Ordinary Shares of 2p in Mobile Tornado representing 4.2% of the issued share capital, and 6,000,000 options.

For further details please contact:

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

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June 20, 2017 05:57 ET (09:57 GMT)

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