Director/PDMR Shareholding

RNS Number : 6892D

Mobile Tornado Group PLC

01 February 2018

 

01 February 2018

Mobile Tornado Group plc

("Mobile Tornado" or the "Group")

DIRECTOR / PDMR SHAREHOLDING

Mobile Tornado (AIM: MBT), the leading provider of instant communication mobile applications to the enterprise market, announces that on 31 January 2018 Peter Wilkinson, Non-Executive Director acquired 2,000,000 ordinary shares in the Group ("Ordinary Shares") at an average price of 5.0 pence per share. As a result, Mr Wilkinson's total holding is now 38,145,141 Ordinary Shares representing 12.78% of the Group's issued share capital.

Mobile Tornado also announces that today Jeremy Fenn, Executive Chairman, transferred 8,000,000 Ordinary Shares from a personal SIPP into his own name. The transaction does not affect Mr Fenn's total holding or the number of Ordinary Shares in which he is beneficially interested.

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	1.     Peter Wilkinson 2.     Jeremy Fenn
2.	Reason for the notification
(a)	Position/status	1.     Non-Executive Director 2.     Executive Chairman
(b)	Initial notification/ Amendment	1.     Initial notification 2.     Initial notification
3.	Details of the issuer
(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 Instrument	1.     Ordinary Shares of 2.0 pence each 2.     Ordinary Shares of 2.0 pence each
(b)	Identification code of the Financial Instrument	ISIN: GB00B01RQV23 TIDM: MBT
(c)	Nature of the transaction	1.     Purchase of Ordinary Shares 2.     Transfer of Ordinary Shares from a personal SIPP to own name
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.     5.0p 2.     N/A	1.     2,000,000 2.     8,000,000
(e)	Aggregated information -               Aggregated volume -               Price	N/A
(f)	Date of the transaction	1.     31 January 2018 2.     01 February 2018
(g)	Place of the transaction	1.     London Stock Exchange 2.     Outside a trading venue

For further details please contact: 

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)	[phone]
Andrew Pinder / Carlton Nelson
Walbrook PR Ltd	[phone]
Paul Cornelius	or [e-mail]
Helen Cresswell

 

END

 

 

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