Options to Directors

RNS Number : 1906X

Mobile Tornado Group PLC

10 February 2012

 



Mobile Tornado Group plc

("Mobile Tornado" or the "Company")

 

Directors' Options

The Board of Mobile Tornado (AIM: MBT) has awarded options to Directors as follows:

Director	No of options	Exercise Price
Jeremy Fenn	3,000,000	7.5pence
Jorge Pinievsky	3,000,000	7.5pence

The options may not be exercised prior to 3 January 2015 (save as may be provided under the Rules of the Scheme) or after 3 January 2022.

Following this award Jeremy Fenn has 7,670,396 Ordinary Shares of 2p in Mobile Tornado representing 4.1% of the issued share capital, and 3,000,000 options.

Jorge Pinievsky has 9,168,624 Ordinary Shares of 2p in Mobile Tornado representing 5.0% of the issued share capital, and 3,000,000 options.

For further details please contact:

Mobile Tornado Group plc
Jeremy Fenn, Chief Executive	[phone]
Northland Capital Partners Limited	[phone]
Shane Gallwey / Gavin Burnell

 

END

 

 

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