This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
9 January 2023
Mobile Tornado Group plc
("Mobile Tornado", the "Company" or the "Group")
Board changes
Mobile Tornado (AIM: MBT) a leading provider of resource management mobile solutions to the enterprise market, announces that Avi Tooba has stepped down as CEO of the Company with immediate effect. He will remain involved with the business in a non-Board capacity, and continue to advise the Company on market technology developments, as well as assisting with existing customer relationships.
Jeremy Fenn, current Executive Chairman of the Company, will assume the role of Executive Chairman and acting CEO with immediate effect and the Company will seek to further strengthen the Board in due course. Further announcements will be made at the appropriate time.
Jeremy Fenn, Chairman and acting CEO, commented "The Board would like to thank Avi for his significant contribution to Mobile Tornado since he joined us six years ago. We are now a global leader in Workforce Management and Push-to-Talk over Cellular (PoC), having developed innovative solutions to meet mission critical requirements. We have a strong operational team and the focus will now be on further developing our current customer base whilst seeking out new partners and customers across our global market."
Enquiries:
| Mobile Tornado Group plc | +44 (0)7734 475 888 |
| Jeremy Fenn, Chairman and acting CEO
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| 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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