MTI Wireless Edge Limited Scrip dividend reference price (1235H)
March 08 2018 - 4:40AM
UK Regulatory
TIDMMWE
RNS Number : 1235H
MTI Wireless Edge Limited
08 March 2018
8 March 2018
MTI Wireless Edge Ltd
("MTI" or the "Company")
Scrip dividend reference price
MTI Wireless Edge Ltd. (MWE), a market leader in the manufacture
of flat panel antennas for fixed wireless broadband and a wireless
irrigation solution provider, announces that the reference price of
a Scrip Dividend Shares under the Company's Scrip Dividend
Alternative to the 2017 Dividend has been set at 27 pence (the
"Scrip reference Price"). The Scrip reference Price represents the
average closing mid-market price of an Ordinary Share on AIM
between 1 March 2018 and 7 March 2018.
The final time and date for the receipt of elections to
participate in the Scrip Dividend Alternative is 5.00 p.m. on 22
March 2018. The exact number of Scrip Dividend Shares required to
be issued under the Scrip Dividend Alternative will be established
after 22 March 2018 and a further announcement will be made as
appropriate. Further information is available on the Company's
website in the Circular published on 16 February 2018 and words and
expressions defined in the Circular bear the same meanings in this
announcement.
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 for
military applications. Commercial applications include: WiMAX;
wireless networking; RFID readers; and broadband wireless access.
With over 40 years' experience MTI supplies 100KHz to 90GHz
antennas (including directional antennas and omni directional) for
outdoor and indoor deployments, including smart antennas for WiMAX,
Wi-Fi, public safety, RFID and base stations and terminals for the
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
DIVFMGGFGRNGRZM
(END) Dow Jones Newswires
March 08, 2018 05:40 ET (10:40 GMT)
Mti Wireless Edge (LSE:MWE)
Historical Stock Chart
From Apr 2024 to May 2024
Mti Wireless Edge (LSE:MWE)
Historical Stock Chart
From May 2023 to May 2024