MTI Wireless Edge Limited Exercise of Options, Issue of Equity (1903Z)
May 25 2016 - 1:00AM
UK Regulatory
TIDMMWE
RNS Number : 1903Z
MTI Wireless Edge Limited
25 May 2016
25 May 2016
MTI Wireless Edge Ltd
("MTI" or the "Company")
Exercise of options
MTI announces that, following the exercise of options by
employees, it will shortly be making an application for 40,000 new
ordinary shares in the capital of the Company (the "New Shares") to
be admitted to trading on AIM. Trading in the New Shares is
expected be become effective on 31 May 2016.
Following the issue of the New Shares, the Company will have a
total of 51,726,990 Shares in issue. Therefore the total number of
Shares with voting rights will be 51,726,990, which may be used by
shareholders in the Company as the denominator for calculations by
which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company.
For further information please contact:
MTI Wireless Edge http://www.mtiwe.com/ +972
Dov Feiner, CEO 3 900 8900
Moni Borovitz, Financial
Director
--------------------------- ---------------------------
Allenby Capital
Limited Nick Naylor
Alex Brearley +44 20 3328 5656
--------------------------- ---------------------------
About MTI Wireless Edge
MTI is engaged in the development, production and marketing of
High Quality, Low Cost, Flat Panel Antennas for Commercial &
for Military applications. Commercial applications such as: WiMAX,
Wireless Networking, RFID readers &, Broadband Wireless Access.
With over 40 years experience, supplying antennas 100KHz to 90GHz
including directional antennas and Omni directional for outdoor and
indoor deployments including Smart Antennas for WiMAX, Wi-Fi,
Public Safety, RFID and for Base Stations and Terminals - Utility
Market. Military applications includes a wide range of broadband,
tactical and specialized communications antennas, antenna systems
and DF arrays installed on numerous airborne, ground and naval,
including submarine, platforms worldwide.
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI
is also a leading provider of remote control solutions for water
and irrigation applications based on Motorola IRRInet state of the
art control, monitoring and communication technologies. Mottech,
headquartered in Israel, is the global prime distributor of
Motorola for the IRRInet remote control solutions serving its
customers worldwide through its subsidiaries and a global network
of local distributers and representatives. It utilizes over 25
years of experience in providing its customers with remote control
and management systems which ensure constant, reliable and accurate
water usage, while reducing operational costs and maintenance
costly expenses. Mottech activities are focused in the market
segments of agriculture, water distribution, Municipal and
Commercial Landscape and Wastewater and Storm water Reuse.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOESEMFMLFMSEII
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