Mobile Tornado Group PLC Grant of Options (8069Q)

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RNS Number : 8069Q

Mobile Tornado Group PLC

23 June 2020

Mobile Tornado Group plc

("Mobile Tornado", the "Company" or the "Group")

Grant of Options

Mobile Tornado (AIM: MBT), the leading provider of instant communication mobile applications to the enterprise market, announces that it has, on 22 June 2020, granted options over 2,000,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") to Abraham ('Avi') Tooba, CEO, pursuant to the Group's Israeli share option plan (the "Options").

The Options have been granted at an exercise price of 6 pence per Ordinary Share and may be exercised from three years up until ten years from the date of grant (save as may be provided under the rules of the share option plan).

Following this award, Avi Tooba holds 4,000,000 Ordinary Shares, representing 1.05% of the issued ordinary share capital, and 10,000,000 options.

In total, following this award, the Company has options in issue over a total of 30,000,000 Ordinary Shares, representing 7.90% of the Company's issued ordinary share capital.

Further detail is set out in the PDMR disclosure table below.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Abraham Tooba, Chief Executive 
     --------------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                   See 1 a) above 
     --------------------------------  --------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                              Mobile Tornado Group plc 
     --------------------------------  --------------------------------------- 
 b)   LEI                               213800N3WLD78UBKC521 
     --------------------------------  --------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been 
       conducted 
     ------------------------------------------------------------------------- 
 a)   Description of the financial      Options over ordinary shares of 2p 
       instrument, type of instrument    each in Mobile Tornado Group plc 
       Identification code 
                                         Identification code (ISIN) for Mobile 
                                         Tornado Group plc ordinary shares: 
                                         GB00B01RQV23 
     --------------------------------  --------------------------------------- 
 b)   Nature of the transaction         Grant of options over new ordinary 
                                         shares 
     --------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)       Volume(s) 
                                           6p exercise 
                                            price         2,000,000 
                                                         ---------- 
     --------------------------------  --------------------------------------- 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  --------------------------------------- 
 e)   Date of the transaction           22 June 2020 
     --------------------------------  --------------------------------------- 
 f)   Place of the transaction          Outside of a trading venue - grant 
                                         of options 
     --------------------------------  --------------------------------------- 
 

For further details please contact:

Enquiries:

 
 Mobile Tornado Group plc              www.mobiletornado.com 
 Jeremy Fenn, Chairman                 [phone] 
 
 Allenby Capital Limited (Nominated 
  Adviser & Broker) 
 James Reeve / Nicholas Chambers       [phone] 
 
 Walbrook PR Ltd                       [e-mail] 
 Nick Rome                             [phone] 
 

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June 23, 2020 06:23 ET (10:23 GMT)