Mobile Tornado Group PLC Grant of Options (5986I)
20 June 2017 - 7:57PM
UK Regulatory
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
END
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