2020 Interim Results

RNS Number : 7956Z
Mobile Tornado Group PLC
23 September 2020
 

23 September 2020

Mobile Tornado Group plc

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

Half Yearly Report

Mobile Tornado (AIM: MBT), the leading provider of instant communication mobile applications to the enterprise market, announces its unaudited results for the six-month period to 30 June 2020.

Financial highlights

 

 

 

 

Pre-IFRS 16

 

 

 

Six months

 

Six months

 

Six months

 

ended

 

ended

 

ended

 

30 June

 

30 June

 

30 June

 

2020

 

2020

 

2019

 

Unaudited

 

Unaudited

 

Unaudited

 

£'000

 

£'000

 

£'000

 

 

 

 

 

 

Recurring revenue

1,014

 

1,014

 

984

Non-recurring revenue*

280

 

280

 

509

Total revenue

1,294

 

1,294

 

1,493

 

 

 

 

 

 

Gross profit

1,169

 

1,169

 

1,392

 

 

 

 

 

 

Administrative expenses

(1,374)

 

(1,504)

 

(1,683)

 

 

 

 

 

 

Adjusted EBITDA**

(205)

 

(335)

 

(291)

 

 

 

 

 

 

Group operating loss

(533)

 

(541)

 

(401)

 

 

 

 

 

 

Loss before tax

(835)

 

(834)

 

(691)

 

 

· Total revenue decreased by 13% to £1.29m (H1 2019: £1.49m)

Recurring revenues increased by 3% to £1.01m (H1 2019: £0.98m)

Non-recurring revenues* decreased by 45% to £0.28m (H1 2019: £0.51m)

· Adjusted (pre IFRS 16) operating expenses decreased by 11% to £1.50m (H1 2019: £1.68m)

· Adjusted EBITDA** (pre IFRS 16) losses increased by 15% to £0.34m (H1 2019 £0.29m)

· Group operating loss for the year increased to £0.53m (H1 2019: £0.40m) and at an adjusted (pre IFRS 16) level increased to £0.54m (H1 2019: £0.40m)

· Loss after tax of £0.84m (H1 2019: £0.69m)

· Basic loss per share of 0.22p (H1 2019: 0.20p)

· Net cash inflow from operating activities of £0.31m (H1 2019: net cash outflow of £0.46m)

· Net debt at 30 June 2020 of £8.16m (H1 2019: £8.85m)

· Cash and cash equivalents of £0.45m (H1 2019: £0.03m)

 

*Non-recurring revenues comprising installation fees, hardware, professional services and capex license fees

**Earnings before interest, tax, depreciation, amortisation, exceptional items and excluding exchange differences

 

 

Operating highlights

 

· Launched track and trace application with the Government of Bahamas to assist management of quarantine in the fight against COVID-19

· Partner network expanded with new agreements established covering Peru, Spain, Portugal, Andorra and the UK

· Seamless continuation of service levels and technical developments in the face of enforced changes to working environment from COVID 19, demonstrating resilience of our delivery model

· Recurring revenue stream from existing customers remained stable despite the highly uncertain global economic environment, illustrating strength of business model.

 

 

Jeremy Fenn, Chairman of Mobile Tornado, said: " Having delivered our first EBITDA profit in the second half of 2019, it's obviously disappointing to slip back into losses during the first half of 2020. However, we have been operating in unprecedented times and no one could have predicted the difficulties this would present in closing out new commercial deals.

 

"We have been able to limit these losses through a robust recurring revenue stream and a continued focus on our operating cost base, which has been further reduced given the increasing efficiencies of our platform.

 

"Our technical team has continued to increase the functionality of our platform and develop innovative applications to meet the needs of our partners and customers. One of the most exciting developments,  covered in a separate announcement today, is the track and trace application which has been deployed by the Government of The Bahamas in their efforts to manage the COVID19 virus.

 

"We remain engaged with all of the key opportunities that we highlighted in our full year results in April. It is clearly taking longer to close these out, given the economic backdrop, but I am hopeful we can make progress before the end of this year, and provide the catalyst for transformative growth in 2021."

 

Enquiries:

Mobile Tornado Group plc

+44 (0)7734 475 888

Jeremy Fenn, Chairman

www.mobiletornado.com

Allenby Capital Limited (Nominated Adviser & Broker)

+44 (0)20 3328 5656

James Reeve / James Hornigold

 

Walbrook PR Ltd

+44 (0)20 7933 8780

Paul Vann / Nick Rome

mobiletornado@walbrookpr.com

 

Financial results

 

Total turnover in the six-month period to 30 June 2020 decreased by 13% to £1.29m (H1 2019: £1.49m). Recurring revenues remained broadly stable in the period at £1.01m (H1 2019:   £0.98m). Non-recurring revenues, comprising installation fees, hardware, professional services and capex license fees decreased by 45% to £0.28m (H1 2019: £0.51m). As a result, gross profit decreased by 16% to £1.17m (H1 2019: £1.39m).

 

However, a djusted (pre IFRS 16)  operating expenses  before depreciation, amortisation, exceptional items and exchange differences  in the period decreased by 11 % to £1.50m (H1 2019: £1.68m), reflecting the continued positive impact those previous investments in the development and operating efficiencies of our enhanced technical platform have delivered.

 

Due to the annual revaluation of certain financial liabilities on the balance sheet, the Group reported a currency translational loss of £0.16m (H1 2019: £0.01m loss) arising from the depreciation of Sterling comparative to the start of the period. As a result of the above, the loss after tax for the period increased by 21% to £0.84m (H1 2019: Loss £0.69m).

 

The Group reported a net cash inflow from operating activities during the period of £0.31m (H1 2019: outflow of £0.46m) reflecting the strong focus on cash management. At 30 June 2020, the Group had £0.45m cash at bank (30 June 2019: £0.03m) and net debt of £8.16m (30 June 2019: £8.85m).

 

Review of operations

 

When we last reported on 9 April 2020, we highlighted the uncertain economic environment we faced with COVID 19 and the financial results for the first half reflect the challenges we have faced since then. At that time, the UK-wide lockdown had been in force for around two weeks, but similar restrictions were imposed around the world, and in many of the markets in which we operate the restrictions were even more onerous than in the UK.

 

We are currently active in 25 countries and each of them has inevitably been impacted by the pandemic. Two of our most important markets are South America and Africa, and these have been particularly hard hit. It has been very difficult for our partners to close out sales leads and progress field trials. Many of our engagements are with Government departments and public utilities, and their priorities have been very much focused on public health challenges rather than the commissioning and deployment of new communication platforms.

 

As a result, we have seen a reduction in our non-recurring revenues, which are down 45% from H1 2019. Notwithstanding this, I am pleased to confirm that we remain fully engaged with a number of significant opportunities, including police forces and emergency service providers. We have worked hard with these prospective customers during the period, and are hopeful that closure of any one of them could provide the evidence that our solution represents a real alternative to traditional radio platforms in the mission critical markets that we are looking to break into.

 

Despite the shortfall in non-recurring revenues, I am pleased to report that the resilience of our business model has meant that the recurring revenue stream from existing customers has remained stable, delivering a slight increase from last year.

 

We have worked with all of our partners during the period, and helped to develop some unique applications, meeting the requirements of their own markets. These developments have illustrated the strength and versatility of our technical platform - the combination of talk, location, alert and recording, managed through a highly sophisticated dispatch console, provides the components for the creation of some very innovative communication applications.

 

One of the most exciting, launched by our partner in the Caribbean, is a track and trace application which has been adopted by the Government of Bahamas to protect its residents and manage those individuals placed into quarantine. The application does this through the talk/locate/alert functionality on our platform and the ability of the dispatch console to geo-fence and monitor multiple individuals across a wide area. The system is currently protecting and controlling over 3,000 inhabitants, and planning is in place to roll this out further as restrictions are lifted, and the tourism market is relaunched.

 

We also continue to work closely with Mobile Network Operators ('MNOS') in a number of territories, and we are in negotiations to contract directly with the major operator in Colombia, which is looking to develop a substantial PoC business in this territory. The relationship kicked off last year with the successful deployment of a dedicated solution to a major bus operator within the country. The MNO is keen to capitalise on this success and launch a countrywide solution into a number of key business verticals.

 

Our partner network has continued to expand, with new agreements established with partners covering Peru, Spain, Portugal, Andorra and the UK.

 

Research and development

 

The barriers to entry for cellular based PTT solution providers like Mobile Tornado into the public safety markets remain high, due to the dominant position of the established players offering radio-based solutions that operate on their own, high cost, bespoke infrastructure and handsets. We have demonstrated that, with our constantly improving cellular based solution, we are able to secure public safety contracts, evidenced by deals that we have concluded last year.

 

We continue to focus on successfully concluding a deal to provide a mission critical communication system into a public safety government agency, to prove that our solution can stand alongside old legacy radio systems.  Our technical team have continued to develop the platform, in conjunction with requests for new features from both existing and prospective customers, to advance this ambition.

 

Notable advances during the period include the development of a solution for bodycams, which is becoming an increasingly popular requirement within the public safety markets. We are also working with a defence contractor to deliver a 4G based network for digital army operations in the battlefield. Both of these engagements are being driven by our MDC2000 Dispatch console, which can now transmit to 3,000 field personnel in less than a second, compared to most competitors, which can handle less than 500.

 

Funding

 

We have announced today a 12 month extension of our £0.3m revolving loan facility with principal shareholder, Intechnology plc. This facility now has a term ending on 28 September 2021 and as at today's date, the balance drawn down is £nil.

 

Whilst we recognise the continued uncertainty COVID 19 brings to our projections, we remain confident that our available cash resources together with our long-established recurring revenue customer base and anticipated future contracts will provide us with adequate financial resources for the foreseeable future.

 

Outlook

 

Having delivered our first EBITDA profit in the second half of 2019, it is obviously disappointing to slip back into losses during the first half of 2020. However, we have been operating in unprecedented times and no one could have predicted the difficulties this would present in closing out new commercial deals.

 

We have been able to limit these losses through a robust recurring revenue stream and a continued focus on our operating cost base, which has been further reduced given the increasing efficiencies of our platform.

 

We remain engaged with all of the key opportunities that we highlighted in our full year results in April. It is clearly taking longer to close these out, given the economic backdrop, but I am hopeful we can make progress before the end of this year, and provide the catalyst for transformative growth in 2021.

 

I would like to thank our team for continuing to operate at the highest level through what has been a very challenging period.

 

Jeremy Fenn

Chairman

23 September 2020

Consolidated income statement

For the six months ended 30 June 2020

 

 

 

 

Six months

 

Six months

 

Year

 

ended

 

ended

 

ended

 

30 June

 

30 June

 

31 December

 

2020

 

2019

 

2019

 

Unaudited

 

Unaudited

 

Audited

 

£'000

 

£'000

 

£'000

Continuing Operations

 

 

 

 

 

Revenue

1,294

 

1,493

 

3,454

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

(125)

 

(101)

 

(280)

Gross profit

1,169

 

1,392

 

3,174

 

 

 

 

 

 

Other operating expenses

(1,374)

 

(1,683)

 

(3,164)

Group operating profit/(loss) before exchange differences,

 

 

 

 

 

exceptional items, depreciation and amortisation expense

(205)

 

(291)

 

10

Exchange differences

(155)

 

(12)

 

83

Depreciation and amortisation expense

(173)

 

(98)

 

(417)

 

 

 

 

 

 

Total operating expenses

(1,702)

 

(1,793)

 

(3,498)

 

 

 

 

 

 

 

 

 

 

 

 

Group operating loss

(533)

 

(401)

 

(324)

 

 

 

 

 

 

Finance costs

(302)

 

(290)

 

(704)

 

 

 

 

 

 

Loss before tax

(835)

 

(691)

 

(1,028)

Income tax credit

(1)

 

  -

 

211

Loss for the period

(836)

 

(691)

 

(817)

 

 

 

 

 

 

Loss per share (pence)

 

 

 

 

 

Basic and diluted

  (0.22)

 

  (0.20)

 

  (0.23)

 

 

Consolidated statement of comprehensive income

For the six months ended 30 June 2020

 

 

 

 

Six months

 

Six months

 

Year ended

 

 

ended

 

ended

 

ended

 

 

30 June

 

30 June

 

31 December

 

 

2020

 

2019

 

2019

 

 

Unaudited

 

Unaudited

 

Audited

 

 

£'000

 

£'000

 

£'000

 

 

 

 

 

 

 

Loss for the period

 

(836)

 

(691)

 

(817)

 

 

 

 

 

 

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

Exchange differences on translation

 

 

 

 

 

 

of foreign operations

 

(38)

 

(1)

 

21

 

 

 

 

 

 

 

Total comprehensive loss for the period

 

(874)

 

(692)

 

(796)

 

 

 

 

Consolidated statement of changes in equity

For the six months ended 30 June 2020 

 

 

Share

Share

Reverse acquisition

Merger

Translation

Retained

Total

 

capital

premium

reserve

reserve

reserve

earnings

equity

 

£'000

£'000

£'000

£'000

£'000

£'000

£'000

 

 

 

 

 

 

 

 

Balance at 1 January 2019

  6,985

  14,924

  (7,620)

  10,938

  (2,241)

  (35,701)

  (12,715)

 

 

 

 

 

 

 

 

Equity settled share-based payments

  -

  -

  -

  -

  -

  27

  27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transactions with owners

  -

  -

  -

  -

  -

  27

  27

 

 

 

 

 

 

 

 

Loss for the period

  -

  -

  -

  -

  -

  (691)

  (691)

 

 

 

 

 

 

 

 

Exchange differences on translation

 

 

 

 

 

 

 

of foreign operations

  -

  -

  -

  -

  (1)

  -

  (1)

 

 

 

 

 

 

 

 

Total comprehensive income

 

 

 

 

 

 

 

for the period

  -

  -

  -

  -

  (1)

  (691)

  (692)

 

 

 

 

 

 

 

 

Balance at 30 June 2019

  6,985

  14,924

  (7,620)

  10,938

  (2,242)

  (36,365)

  (13,380)

 

 

 

 

 

 

 

 

 

Share

Share

Reverse acquisition

Merger

Translation

Retained

Total

 

capital

premium

reserve

reserve

reserve

earnings

equity

 

£'000

£'000

£'000

£'000

£'000

£'000

£'000

 

 

 

 

 

 

 

 

Balance at 1 July 2019

  6,985

  14,924

  (7,620)

  10,938

  (2,242)

  (36,365)

  (13,380)

 

 

 

 

 

 

 

 

Equity settled share-based payments

  -

  -

  -

  -

  -

  25

  25

 

 

 

 

 

 

 

 

Issue of share capital

  610

  873

  -

  -

  -

  -

  1,483

 

 

 

 

 

 

 

 

Transactions with owners

  610

  873

  -

  -

  -

  25

  1,508

 

 

 

 

 

 

 

 

Loss for the period

  -

  -

  -

  -

  -

  (126)

  (126)

 

 

 

 

 

 

 

 

Exchange differences on translation

 

 

 

 

 

 

 

of foreign operations

  -

  -

  -

  -

  22

  -

  22

 

 

 

 

 

 

 

 

Total comprehensive income

 

 

 

 

 

 

 

for the period

  -

  -

  -

  -

  22

  (126)

  (104)

 

 

 

 

 

 

 

 

Balance at 31 December 2019

  7,595

  15,797

  (7,620)

  10,938

  (2,220)

  (36,466)

  (11,976)

 

 

 

 

 

 

 

 

 

Share

Share

Reverse acquisition

Merger

Translation

Retained

Total

 

capital

premium

reserve

reserve

reserve

earnings

equity

 

£'000

£'000

£'000

£'000

£'000

£'000

£'000

 

 

 

 

 

 

 

 

Balance at 1 January 2020

  7,595

  15,797

  (7,620)

  10,938

  (2,220)

  (36,466)

  (11,976)

 

 

 

 

 

 

 

 

Equity settled share-based payments

  -

  -

  -

  -

  -

  9

  9

 

 

 

 

 

 

 

 

Transactions with owners

  -

  -

  -

  -

  -

  9

  9

 

 

 

 

 

 

 

 

Loss for the period

  -

  -

  -

  -

  -

  (836)

  (836)

 

 

 

 

 

 

 

 

Exchange differences on translation

 

 

 

 

 

 

 

of foreign operations

  -

  -

  -

  -

  (38)

  -

  (38)

 

 

 

 

 

 

 

 

Total comprehensive income

 

 

 

 

 

 

 

for the period

  -

  -

  -

  -

  (38)

  (836)

  (874)

 

 

 

 

 

 

 

 

Balance at 30 June 2020

  7,595

  15,797

  (7,620)

  10,938

  (2,258)

  (37,293)

  (12,841)

 

 

 

Consolidated balance sheet

As at 30 June 2020

 

 

 

30 June

 

30 June

 

31 December

 

2020

 

2019

 

2019

 

Unaudited

 

Unaudited

 

Audited

 

£'000

 

£'000

 

£'000

Assets

 

 

 

 

 

Non-current assets

 

 

 

 

 

Property, plant & equipment

194

 

168

 

213

Intangible assets

31

 

69

 

50

Right-of-use assets

437

 

  -

 

558

 

662

 

237

 

821

 

 

 

 

 

 

Current assets

 

 

 

 

 

Trade and other receivables

1,590

 

1,853

 

1,976

Inventories

88

 

69

 

108

Cash and cash equivalents

446

 

33

 

264

 

2,124

 

1,955

 

2,348

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current liabilities

 

 

 

 

 

Trade and other payables

(4,839)

 

(4,858)

 

(4,482)

Borrowings

(8,604)

 

(3,262)

 

(8,311)

Lease liabilities

(275)

 

  -

 

(275)

 

 

 

 

 

 

Net current liabilities

(11,594)

 

(6,165)

 

(10,720)

 

 

 

 

 

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

Trade and other payables

(1,728)

 

(1,828)

 

(1,776)

Borrowings

  -

 

(5,624)

 

-

Lease liabilities

(181)

 

  -

 

(301)

 

(1,909)

(7,452)

 

(2,077)

 

 

 

 

 

 

Net liabilities

(12,841)

(13,380)

 

(11,976)

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders' equity

 

 

 

 

 

Share capital

7,595

 

6,985

 

7,595

Share premium

15,797

 

14,924

 

15,797

Reverse acquisition reserve

(7,620)

 

(7,620)

 

(7,620)

Merger reserve

10,938

 

10,938

 

10,938

Foreign currency translation reserve

(2,258)

 

(2,242)

 

(2,220)

Retained earnings

(37,293)

 

(36,365)

 

(36,466)

Total equity

(12,841)

(13,380)

 

(11,976)

 

Consolidated cash flow statement

For the six months ended 30 June 2020

 

 

 

Six months

 

Six months

 

Year

 

ended

 

ended

 

ended

 

30 June

 

30 June

 

31 December

 

2020

 

2019

 

2019

 

Unaudited

 

Unaudited

 

Audited

 

£'000

 

£'000

 

£'000

 

 

 

 

 

 

Operating activities

 

 

 

 

 

Cash used in operations

  26

 

  (464)

 

  (705)

Tax credit received

  279

 

  -

 

  313

Interest paid

  -

 

  -

 

  (12)

Net cash inflow from/(used in) operating activities

  305

 

  (464)

 

  (404)

 

 

 

 

 

 

Investing activities

 

 

 

 

 

Purchase of property, plant & equipment

  (1)

 

  (27)

 

  (101)

Purchase of right-of-use assets

  -

 

  -

 

(836)

Net cash used in investing activities

  (1)

 

  (27)

 

  (937)

 

 

 

 

 

 

 

 

 

 

 

 

Financing

 

 

 

 

 

Issue of ordinary share capital

  -

 

  -

 

  1,525

Share issue costs

  -

 

  -

 

  (42)

Proceeds from/(repayment of) borrowings

  -

 

  170

 

  (775)

IFRS 16 leases

  (130)

 

  -

 

  549

Net cash (outflow)/inflow from financing

  (130)

 

  170

 

  1,257

 

 

 

 

 

 

Effects of exchange rates on cash

 

 

 

 

 

and cash equivalents

  8

 

  -

 

  (7)

 

 

 

 

 

 

Net increase/(decrease) in cash and

 

 

 

 

 

cash equivalents in the period

  182

 

  (321)

 

  (90)

 

Cash and cash equivalents at beginning of period

  264

 

  354

 

  354

Cash and cash equivalents at end of period

  446

 

  33

 

  264

 

 

 

Notes to the interim report

For the six months ended 30 June 2020

 

 

1  General information

 

The financial information in the interim report does not constitute statutory accounts within the meaning of section 434 of the Companies Act 2006 and has not been audited or reviewed. The financial information relating to the year ended 31 December 2019 is an extract from the latest published financial statements on which the auditor gave an unmodified report that did not contain statements under section 498 (2) or (3) of the Companies Act 2006 and which have been filed with the Registrar of Companies.

 

 

2  Basis of preparation

 

These interim financial statements are for the six months ended 30 June 2020. They have been prepared using the recognition and measurement principles of IFRS.

 

The interim financial statements have been prepared under the historical cost convention.

 

The interim financial statements have been prepared in accordance with the accounting policies adopted in the last annual financial statements for the year ended 31 December 2019. The accounting policies have been applied consistently throughout the Group for the purpose of preparation of the interim financial statements.

 

 

3  Loss per share

 

Basic loss per share is calculated by dividing the loss attributable to ordinary shareholders of £836,000 (30 June 2019: £691,000, 31 December 2019: £817,000) by the weighted average number of ordinary shares in issue during the period of 379,744,923 (30 June 2019: 349,240,236, 31 December 2019: 359,770,621).

 

 

 

Six months ended

 

Six months ended

 

Year ended

 

30 June 2020

 

30 June 2019

 

31 December 2019

 

Unaudited

 

Unaudited

 

Audited

 

Basic and diluted

 

Basic and diluted

 

Basic and diluted

 

Loss

Loss

 

Loss

Loss

 

Loss

Loss

 

 

per share

 

 

per share

 

 

per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

£'000

pence

 

£'000

pence

 

£'000

pence

 

 

 

 

 

 

 

 

 

Loss attributable to

 

 

 

 

 

 

 

 

ordinary shareholders

  (836)

  (0.22)

 

  (691)

  (0.20)

 

  (817)

  (0.23)

 

 

 

4  Share capital and share premium

 

 

Number of

Share

Share

Total

 

shares

capital

premium

 

 

'000

£'000

£'000

£'000

 

 

 

 

 

At 1 January 2019 & 30 June 2019

  349,240

  6,985

  14,924

  21,909

Issue of shares

  30,505

  610

  873

  1,483

At 31 December 2019 & 30 June 2020

  379,745

  7,595

  15,797

  23,392

 

 

Non-voting preference shares

 

 

 

 

Number of

Nominal

 

 

 

shares

Value

 

 

 

'000

£'000

 

 

 

 

 

At 30 June 2019, 31 December 2019 and 30 June 2020

  71,277

  5,702

 

 

Liabilities and preference shares totalling £5,702k were converted into 71,277k 8p preference shares on 28 August 2013. The preference shares are non-voting, non-convertible redeemable preference shares currently redeemable at par value on 31 December 2020, or, at the Company's discretion, at any earlier date. The Company and InTechnology have agreed an extension to the redemption date of the Preference Shares from 31 December 2020 until 31 December 2021. This extension will require a minor amendment to the Company's articles of association and will therefore be subject to shareholder approval at the forthcoming AGM on 30 September 2020. All other terms of the Preference Shares will remain the same and they will continue to accrue interest at a fixed rate of 10% per annum.

 

 

5  Cash used in operations

 

 

Six months

Six months

Year

 

ended

ended

ended

 

30 June

30 June

31 December

 

2020

2019

2019

 

Unaudited

Unaudited

Audited

 

£'000

£'000

£'000

 

 

 

 

Loss before taxation

  (835)

  (691)

  (1,028)

 

 

 

 

Adjustments for:

 

 

 

Depreciation and amortisation

  173

  98

  417

Share based payment charge

  9

  27

  52

Interest expense

  302

  290

  704

 

 

 

 

Changes in working capital:

 

 

 

 

 

 

 

Decrease in inventories

  28

  82

  37

Decrease/(Increase) in trade and other receivables

  125

  (148)

  (379)

Increase/(Decrease) in trade and other payables

  224

  (122)

  (508)

Net cash inflow from/(used in) operations

  26

  (464)

  (705)

 

 

6  Shareholder information

 

The interim announcement will be published on the company's website www.mobiletornado.com on 23 September 2020.

 

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