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Mobile Tornado ( (GB:MBT) ) has issued an announcement.
Mobile Tornado Group PLC has announced an extension to the redemption date of its £5.7 million redeemable preference shares from 31 December 2025 to 31 December 2026, following an agreement with Holf Investments Ltd. This extension, considered a related party transaction due to Holf’s substantial shareholding, is subject to shareholder approval and requires a minor amendment to the company’s articles of association.
More about Mobile Tornado
Mobile Tornado Group PLC is a leading provider of resource management mobile solutions targeted at the enterprise market.
Average Trading Volume: 188,863
Technical Sentiment Signal: Hold
Current Market Cap: £6.37M
For a thorough assessment of MBT stock, go to TipRanks’ Stock Analysis page.