TIDMMWE
RNS Number : 9296S
MTI Wireless Edge Limited
14 March 2019
14 March 2019
MTI Wireless Edge Ltd
("MTI" or the "Company")
Results of EGM and AGM and Change in Board Roles
MTI Wireless Edge Ltd (AIM: MWE), the technology group focused
on comprehensive communication and radio frequency solutions across
multiple sectors, announces that all resolutions put to
shareholders at the Company's Extraordinary General Meeting and
Annual General Meeting held earlier today have been passed, via the
required simple or special majority voting, as appropriate.
Following the passing of Resolution 10, Mr. Moni Borovitz has
been appointed as the Chief Executive Officer of the Company with
immediate effect. Mr. Dov Feiner, the previous Chief Executive
Officer of the Company, will remain a director of the Company and
the general manager of the Company's antenna division.
The proxy votes received from shareholders on each resolution
are set out below.
Resolutions* Votes for % Votes against % Votes Votes withheld
total
Resolution
2 46,502,798 99.9998% 100 0.0002% 46,502,898 0
Resolution
3 46,502,798 99.9998% 100 0.0002% 46,502,898 0
Resolution
4 46,502,798 99.9998% 100 0.0002% 46,502,898 0
Resolution
5 46,502,798 100% 0 0% 46,502,798 100
Resolution
6 46,502,798 100% 0 0% 46,502,798 100
Resolution
7 46,502,798 100% 0 0% 46,502,798 100
Resolution
8 46,502,798 100% 0 0% 46,502,798 100
Resolution
9 46,502,798 100% 0 0% 46,502,798 100
Resolution
10 46,502,798 100% 0 0% 46,502,798 100
Resolution
11 46,502,798 100% 0 0% 46,502,798 100
Resolution
12 46,502,798 100% 0 0% 46,502,798 100
Resolution
13 46,502,798 100% 0 0% 46,502,798 100
* No vote was required on Resolution 1.
For further information please contact:
MTI Wireless Edge Ltd www.mtiwirelessedge.com
Dov Feiner, CEO +972 3 900 8900
Moni Borovitz, Financial Director
Nomad and Joint Broker
Allenby Capital Limited
Nick Naylor
Alex Brearley +44 20 3328 5656
Joint Broker
Peterhouse Corporate Finance Limited
Lucy Williams
Eran Zucker +44 20 7469 0930
About MTI Wireless Edge ("MTI" or the "Company")
Headquartered in Israel, MTI is a technology group focused on
comprehensive communication and radio frequency solutions across
multiple sectors through four core divisions:
Antenna Division
MTI is a world leader in the design, development and production
of high quality, state-of-the-art, and cost effective antenna
solutions including Smart Antennas, MIMO Antennas and Dual Polarity
Antennas for wireless applications. MTI supplies antennas for both
military and commercial markets from 100 KHz to 90 GHz.
Internationally recognized as a producer of commercial
off-the-Shelf and custom-developed antenna solutions in a broad
frequency range, MTI Wireless Edge addresses both commercial and
military applications.
MTI supplies directional and omnidirectional antennas for
outdoor and indoor deployments, including smart antennas for WiMAX,
Broadband access, public safety, RFID, base stations and terminals
for the utility market.
Military applications include a wide range of broadband,
tactical and specialized communication antennas, antenna systems
and DF arrays installed on numerous airborne, ground and naval,
including submarine, platforms worldwide.
Aerostat Operation Division
Via its system engineering division, the Group offers the design
and integration of aerostat operation systems, along with the
ongoing operation of Platform subsystems, SIGINT, RADAR,
communication and observation systems.
Water Control & Management Division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), the
Group provides high-end remote control solutions for water and
irrigation applications based on Motorola's IRRInet
state-of-the-art control, monitoring and communication
technologies.
As Motorola's global prime-distributor Mottech serves its
customers worldwide through its international subsidiaries and a
global network of local distributors and representatives. With over
25 years of experience in providing customers with irrigation
remote control and management, Mottech's solutions ensure constant,
reliable and accurate water usage, while reducing operational and
maintenance costs. Mottech's activities are focused in the market
segments of agriculture, water distribution, municipal and
commercial landscape as well as wastewater and storm-water
reuse.
RF and Microwave Representative and Consultation Division
Via its subsidiary, MTI Summit Electronics Ltd., the group
offers representative and expert consultation services specializing
in RF and Microwave solutions and applications. It provides its
services to international electronics suppliers operating in
Israel, Eastern Europe, and Russia.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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