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Harrogate based mobile tech firm issues a placing of shares

Chris Schofield and Lucy Holroyd have advised Mobile Tornado Group plc on a placing of up to 27,000,000 new ordinary shares at a price of 5.00 pence per share to raise approximately £1.35 million. The transaction has been announced to the Stock Exchange (AIM Market) this morning. 

The company has gone from strength to strength following the recent world-wide investment of 4G enabling the PTT technology to be enhanced through the networks rather than through expensive bespoke private radio networks.

Mobile Tornado said that since the appointment of Avi Tooba as CEO in May 2016, the former Head of R&D at Motorola for Mission Critical Communications, the engineering team has been significantly strengthened, and the credibility of the company in the global market had been significantly enhanced.

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About the Author

Chris Schofield

Chairman

Chris is the Chairman of Schofield Sweeney. He advises on corporate matters and regularly advises…

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