MTI Wireless Edge Limited Exercise of Options (6289I)
June 20 2017 - 9:19AM
UK Regulatory
TIDMMWE
RNS Number : 6289I
MTI Wireless Edge Limited
20 June 2017
20 June 2017
MTI Wireless Edge Ltd
("MTI" or the "Company")
Exercise of Options
MTI announces that, following the exercise of options by an
employee, it will shortly be making an application for 60,000 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 26 June 2017.
Following the issue of the New Shares, the Company will have a
total of 52,921,818 Shares in issue. Therefore the total number of
Shares with voting rights will be 52,921,818, 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 Dov Feiner, http://www.mtiwe.com/
CEO Moni Borovitz, Financial +972 3 900 8900
Director
------------------------------- ----------------------
Allenby Capital Limited -
Nomad and Joint Broker Nick
Naylor Alex Brearley +44 20 3328 5656
------------------------------- ----------------------
Peterhouse Corporate Finance
Limited - Joint Broker Lucy
Williams Eran Zucker +44 20 7469 0930
------------------------------- ----------------------
About MTI Wireless Edge
MTI is engaged in the development, production and marketing of
high quality low cost, flat panel antennas for commercial and
military applications. Commercial applications include: WiMAX,
Wireless Networking, RFID readers &, Broadband Wireless Access.
With over 40 years' experience of 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 include 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, MTI is also a
leading provider of remote control solutions for water and
irrigation applications based on Motorola's 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's 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
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