Mobile Tornado Group (MBT)

Sector:

Telecom Operators

Index:

FTSE AIM All-Share

 0.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.00
  • 52 Week Low: 0.73
  • Currency: UK Pounds
  • Shares Issued: 417.72m
  • Volume: 0
  • Market Cap: £3.13m
  • RiskGrade: 293

Mobile Tornado extends InTechnology loan facility for another year

By Josh White

Date: Friday 24 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Enterprise-level mobile communications technology company Mobile Tornado has extended its revolving loan facility agreement with InTechnology first entered into in September 2018, it announced on Friday.
The AIM-traded firm said the agreement was due to expire on 26 September, and had now been extended for a further 12 months until 26 September 2022.

All other terms of the agreement remained unchanged, with it remaining a revolving loan facility of up to a maximum principal amount of £0.3m.

Any amounts drawn down by the company under the facility would bear interest at a rate of 10% per annum, with the agreement allowing for monies to be drawn down, repaid and redrawn again in any manner and any number of times by the company until expiry.

At the expiration date, all monies would be repayable by Mobile Tornado to InTechnology, together with any accrued interest.

The company said that as of Friday, the amount drawn under the facility agreement was nil.

"The additional capital would continue to support the financing of the company's sales pipeline under the capital expenditure model, where the company is required to fund the hardware prior to placement with the end customer," the board said in its statement.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MBT Market Data

Currency UK Pounds
Share Price 0.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.00
52 Week Low 0.73
Volume 0
Shares Issued 417.72m
Market Cap £3.13m
RiskGrade 293

MBT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.4% below the market average24.4% below the market average24.4% below the market average24.4% below the market average24.4% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
64.69% below the market average64.69% below the market average64.69% below the market average64.69% below the market average64.69% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income Not Available
Growth
57.73% below the market average57.73% below the market average57.73% below the market average57.73% below the market average57.73% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

MBT Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Top of Page