REG - Mobile Tornado Group - Grant of Options <Origin Href="QuoteRef">MBLT.L</Origin>

Mobile TornadoAnnouncement

20/06/2017 11:00

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
ormobiletornado@walbrookpr.com
Helen Cresswell

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