Source - RNS
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

Avi Tooba, Chief Executive Officer

via Walbrook PR

 

 

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 [email protected]

Helen Cresswell

 

 

 


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