Mobile Tornado Group PLC Notice of AGM and amendment to preference shares (4077B)
2023年6月2日 - 3:00PM
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RNS Number : 4077B
Mobile Tornado Group PLC
02 June 2023
2 June 2023
Mobile Tornado Group plc
(" Mobile Tornado ", the " Company " or the " Group ")
Notice of AGM and amendment to preference shares
Mobile Tornado (AIM: MBT) a leading provider of resource
management mobile solutions to the enterprise market, announces
that the Company has today sent notice of its annual general
meeting ("AGM") and forms of proxy to shareholders. A copy of the
AGM notice and proxy form is available on the Company's website,
www.mobiletornado.com.
The AGM will be held at 9 a.m. on 27 June 2023 at Cardale House,
Cardale Court, Beckwith Head Road, Harrogate, HG3 1RY.
Extension to preference shares redemption date
The Company currently has indebtedness to InTechnology plc
("InTechnology") of GBP11.3 million, consisting of: GBP5.7 million
of redeemable preference shares (the "Preference Shares"); GBP2.7
million of accrued preference share coupon and interest; GBP2.2
million of short-term borrowings; and a current account,
representing primarily rent and service fees due to InTechnology,
of GBP0.7million. The Preference Shares currently have a redemption
date of 31 December 2023.
The Company and InTechnology have today agreed to an extension
to the redemption date of the Preference Shares from 31 December
2023 until on or before 31 December 2024. This extension will
require a minor amendment to the Company's articles of association
and will therefore be subject to shareholder approval. The AGM
notice contains details of a special resolution to make the
appropriate amendments to the articles. All other terms of the
Preference Shares will remain the same and they will continue to
accrue interest at a rate of 10% per annum.
As InTechnology is a substantial shareholder in the Company (as
defined in the AIM Rules for Companies ("AIM Rules")), the
extension to the redemption date of the Preference Shares
constitutes a related party transaction under the AIM Rules. The
Directors of the Company (save for Peter Wilkinson, who is a
controlling shareholder of InTechnology), having consulted with the
Company's nominated adviser, Allenby Capital Limited, consider the
extension of the redemption date to be fair and reasonable insofar
as the Company's shareholders are concerned.
Enquiries:
Mobile Tornado Group plc +44 (0)7734 475 888
Jeremy Fenn, Chairman and acting CEO www.mobiletornado.com
Allenby Capital Limited (Nominated Adviser
& Broker) +44 (0)20 3328 5656
James Reeve/Piers Shimwell (Corporate
Finance)
David Johnson (Sales and Corporate Broking)
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END
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(END) Dow Jones Newswires
June 02, 2023 02:00 ET (06:00 GMT)
Mobile Tornado (LSE:MBT)
過去 株価チャート
から 11 2024 まで 12 2024
Mobile Tornado (LSE:MBT)
過去 株価チャート
から 12 2023 まで 12 2024