Yorkshire’s Mobile Tornado to raise £425k in share placing

Quick Summary:

Harrogate-headquartered Mobile Tornado Group plc is to raise £425,000 via a share placing.

The new shares, priced at 2 pence apiece, represent approximately 5.1% of the company, which specialises in push-to-talk mobile communications and has been listed since 2004.

The proceeds will be used to fund the consolidation of the company’s research and development centres and further the development of its business development initiatives.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United KingdomTaiwan

Topics: Apac Company Initiatives Consolidation Business Tornado Development Region Mobile Research Reported

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 08:36:21 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 52 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 23445135

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