TIDMMWE
RNS Number : 3616R
MTI Wireless Edge Limited
08 March 2021
8 March 2021
MTI Wireless Edge Ltd
("MTI" or the "Company")
Notice of shareholder meetings
MTI Wireless Edge Ltd. (AIM: MWE), the technology group focused
on comprehensive communication and radio frequency solutions across
multiple sectors, is pleased to announce that it will be holding
its Annual General Meeting (the "AGM") at 10.00 a.m. (London time)
on 19 April 2021 at the Company's head office at 11 HaMelacha
street, Rosh HaAyin, Israel. The AGM will be followed by an
Extraordinary General Meeting (the "EGM") to be held at the same
location for the purpose of seeking shareholders' approval for the
reappointment of Mrs. Lihi Elimelech Bechor as external director
for three years.
While the Board recognises that the AGM represents an important
opportunity for it to engage with shareholders and provides a forum
that enables shareholders to speak directly with the Board, in
light of the current COVID-19 situation and related public health
guidance and legislation, shareholders will not be able to attend
the AGM or the EGM in person. The Company will make arrangements so
that the legal requirements to hold the AGM and EGM can be
satisfied and that the AGM and EGM are quorate, but no shareholders
will be permitted entry to the physical meetings.
Shareholders are therefore strongly encouraged to submit their
vote in advance of the AGM and EGM, as set out below.
To provide an opportunity to engage with the Board and ask
questions, the Company intends to make available a facility for
shareholders or depositary interest holders who register their
interest in advance to watch and listen to the AGM and the EGM live
over a webcast and ask questions during the meeting. In order to
make this more efficient the Board encourage the shareholders to
submit questions in advance as part of their webcast registration
information.
To have their votes counted, all shareholders are urged to
appoint the Chairman of the meeting as their proxy and holders of
depository interests are urged to instruct Computershare Company
Nominees Limited to vote on their behalf.
Further information, including details on registering for the
webcast and on the resolutions, is detailed below.
The AGM is being called for the purpose of:
1. presentation of the 2020 financial reports;
2. to re-elect Mr. Zvi Borovitz as a non-executive chairman of the Company;
3. to re-elect Mr. Dov Feiner, as a director of the Company;
4. to re-elect Mr. Moni Borovitz, the Company's Chief Executive
Officer, as a director of the Company;
5. to re-elect Mr. Amnon Sofrin as a non-executive director of the Company;
6. to re-elect Mr. David Yariv as a non-executive director of the Company; and
7. to re-appoint BDO Israel LLP as the Company's auditors for
the year 2021 and to authorize the directors to determine the
auditors' remuneration for the year 2021.
Shareholders should note that Mr. Richard Bennet will remain in
his position as a non-executive external director, as a result of
the fact that his appointment was for three years from March
2019.
Notice to shareholders
A notice of the AGM and EGM will be posted to shareholders and
will shortly be available on the Company's website at the following
address, www.mtiwirelessedge.com , in accordance with AIM Rule
20.
Registering for the webcast
The AGM and EGM will be held via a webcast platform.
Shareholders can sign up for free by completing the form in
Annex 1 to this announcement and emailing the completed form to
AGM2021@mtiwe.com. They will receive an email with a link to the
meetings by no later than 15 April 2021. If you have submitted an
email and have not received a link please call Mrs. Nava Toren at
+972 3 9008900.
It is preferred that questions are submitted in advance of the
meetings via the email mentioned above and no later than 09.00
a.m., on 16 April 2021, or at any time during the live presentation
through an online "chat" facility.
For further information please contact:
MTI Wireless Edge Ltd +972 3 900 8900
Moni Borovitz, CEO http://www.mtiwirelessedge.com
Allenby Capital Limited (Nomad and Joint Broker) +44 20 3328
5656
Nick Naylor/Alex Brearley (Corporate Finance)
Guy McDougall (Sales and Corporate Broking)
Peterhouse Capital Limited (Joint Broker) +44 20 7469 0930
Lucy Williams/ Eran Zucker
Novella (Financial PR) +44 20 3151 7008
Tim Robertson/Fergus Young
About MTI Wireless Edge Ltd. ("MTI")
Headquartered in Israel, MTI is a technology group focused on
comprehensive communication and radio frequency solutions across
multiple sectors through three 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 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.
Water Control & Management Division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI
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.
Distribution & Professional Consulting Services Division
Via its subsidiary, MTI Summit Electronics Ltd., MTI offers
consulting, representation and marketing services to foreign
companies in the field of RF and Microwave solutions and
applications including engineering services (including design and
integration) in the field of aerostat systems and the ongoing
operation of Platform subsystems, SIGINT, RADAR, communication and
observation systems which is performed by the Company.
Annex 1 - Shareholder webcast link Form
Only those members registered on the Company's register of
members at close of business on 17 March 2021 (the "Record Date")
shall be entitled to participate in the Annual General Meeting and
the Extraordinary General Meeting. As noted above, shareholders
will not be able to attend either of the meetings in person.
I / We __________________ confirm being holders of
______________ shares appearing on the Company's register of
members on the Record Date.
I / We also confirm to the Company to list me as a participant
in the meetings scheduled for 19 April 2021 at 10.00 a.m. (UK time)
or at any adjourned meeting and request the Company to send me a
link for the meetings' webcast at the following email address:
Signed on _______________ 2021.
Signature: ________________ .
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