Grant of Options

RNS Number : 8006O

Mobile Tornado Group PLC

10 November 2016

 

10 November 2016

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 2008 Israeli share option plan to the following Executive Director:

Executive Director	No. of options	Exercise price
Abraham ('Avi') Tooba	2,000,000	4.0 pence

The options were granted on 4 November 2016 and may not be exercised prior to 4 November 2019 (save as may be provided under the Rules of the Scheme).

Following this award, Avi's total options over Ordinary Shares in the Group is 4,000,000.

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

 

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