Proposed cancellation of admission of the Ordinary Shares to trading on AIM
Mobile Tornado Group PLC
11 August 2025
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
11 August 2025
Mobile Tornado Group plc
(“Mobile Tornado“, the “Company” or the “Group“)
Proposed cancellation of admission of the Ordinary Shares to trading on AIM
Proposed re-registration as a private limited company and adoption of New Articles
and
Notice of General Meeting
Mobile Tornado (AIM: MBT), a leading provider of resource management mobile solutions to the enterprise market, announces the proposed cancellation of admission of its Ordinary Shares to trading on AIM, its proposed re-registration as a private limited company and the proposed adoption of new articles of association.
As detailed further below, the Directors consider that it is in the best interests of the Company and its Shareholders taken as a whole to cancel the admission of the Ordinary Shares to trading on AIM. A circular (the “Circular”) will be sent to Shareholders today and will shortly be available on the Company’s website, www.mobiletornado.com, setting out the background to and reasons for the proposed Cancellation and Re-Registration and containing a notice of General Meeting. Extracts from the Circular are set out, without material amendment, below.
The Cancellation is conditional upon the approval of not less than 75 per cent of the votes cast by Shareholders (whether present in person or by proxy) in respect of the Cancellation Resolution at the General Meeting. The General Meeting is being convened at the offices of Mobile Tornado at Copthall Bridge, 59 Station Parade, Harrogate, HG1 1TT at 10:00 a.m. UK time on 1 September 2025.
Pursuant to Rule 41 of the AIM Rules, the Company through its nominated adviser, Allenby Capital Limited, has notified the London Stock Exchange of the date of the proposed Cancellation which is expected to become effective at 7.00 a.m. on 9 September 2025 if the Cancellation Resolution is passed at the General Meeting.
Enquiries:
EXTRACTS FROM THE CIRCULAR
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Each of the dates in the above timetable is subject to change at the absolute discretion of the Company.
References to time in this Document and in the Form of Proxy are to UK time.
The timetable above assumes that the Resolutions set out in the Notice of General Meeting will be passed.
Events listed in the above timetable following the General Meeting are conditional on the Resolutions being passed at the General Meeting without amendment.
If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by announcement through a Regulatory Information Service.