Exercise of Options

RNS Number : 3739P

Mobile Tornado Group PLC

18 August 2014

 



18 August 2014

Mobile Tornado Group plc ("the Company")

Exercise of Options

The Company announces that an application has been made to the London Stock Exchange for the admission of 99,481 ordinary shares of 2 pence each (the "Ordinary Shares") pursuant to the exercise of options under the Company's Israel Share Option Plan. Admission of the Ordinary Shares is expected to take place on 21 August 2014. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

Enquiries:

Mobile Tornado Group plc                                       www.mobiletornado.com

Jeremy Fenn, Chief Executive                                 [phone]

Investec Bank plc (Nominated Adviser & Broker)       [phone]

Dominic Emery / Carlton Nelson

Walbrook PR Ltd                                                   [phone] or

                                                                            [e-mail]

Paul McManus                                                      [phone]

Helen Cresswell                                                     [phone]

About Mobile Tornado Group Plc (www.mobiletornado.com)

Mobile Tornado Group PLC (AIM: MBT) specialises in the provision of Instant Communications services for mobile devices, with a focus on enterprise workforce management. The Company's main applications comprise Instant Talk, Instant Locate, Instant Alert & Instant Message and are geared towards improving a business's productivity and performance by enabling organisations and workers to connect one-to-one or one-to-many at the touch of a button.

By equipping their workforce with conventional mobile handsets and Mobile Tornado's Instant Communication services, a company can communicate with one or many employees simultaneously, monitor employee locations, and immediately be alerted of major issues. At the touch of a button, they can communicate with employees more efficiently and cost-effectively than would be possible with traditional mobile services or other Private Mobile Radio (PMR) solutions.

Mobile Tornado's patented Internet Protocol Radio Service (IPRS(TM)) technology has been successfully deployed on networks around the world. The suite of IP-based, OMA standards-compliant services provide instantaneous, 'always-on', bandwidth-efficient communications across a range of mobile networks and devices, including compatibility with forthcoming LTE (Long Term Evolution) 4G mobile networks. Both technical and cost performance is superior to many competing services and technologies, with proven success in the current marketplace.

 

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