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Mobile Tornado Secures Financial Obligations with Holf Investments

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Mobile Tornado Secures Financial Obligations with Holf Investments

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The latest announcement is out from Mobile Tornado ( (GB:MBT) ).

Mobile Tornado Group has entered an agreement with Holf Investments Limited to secure the payment and discharge of current and future financial obligations, totaling approximately £12.2 million, through a fixed and floating charge over its assets. This move replaces a previous charge with InTechnology Plc, effectively consolidating liabilities under Holf, which is significantly owned by Peter Wilkinson, a major shareholder.

More about Mobile Tornado

Mobile Tornado Group PLC is a leading provider of resource management mobile solutions catering to the enterprise market. The company focuses on offering mobile solutions to enhance resource management for businesses.

YTD Price Performance: 0.0%

Average Trading Volume: 144,385

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £6.15M

For a thorough assessment of MBT stock, go to TipRanks’ Stock Analysis page.

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