TIDMXGT TIDMXGTU

RNS Number : 3327P

xG Technology Inc.

30 September 2013

30 September 2013

xG Technology, Inc.

("xG","xG Technology" or the "Company")

Total Voting Rights

xG Technology (Nasdaq: XGTI, XGTIW; AIM: XGTU.L, XGT.L), a developer of wireless communications and spectrum sharing technologies, announces that the Company's issuedshare capital at the date of this announcement consists of 11,047,828 shares of common stock with a nominal value of $0.00001 each ("Shares"), each Share having equal voting rights. The Company holds 2,286 Shares in treasury. Therefore, the total number of Shares with voting rights is 11,045,542. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

Ends

For further information please contact:

 
 xG Technology, Inc.                           www.xgtechnology.com 
 John Coleman, Chief Executive Officer         +1 212 651 4219 
 Roger Branton, Chief Financial Officer        +1 212 651 4219 
 James Woodyatt, Investor Relations            +1 954 572 0395 
 
 Allenby Capital Limited (Nominated Adviser    www.allenbycapital.com 
  and Broker) 
 Nick Naylor                                   +44 20 3328 5656 
 Mark Connelly                                 +44 20 3328 5656 
 
 First Columbus LLP (Joint Broker)             www.first-columbus.com 
 Chris Crawford                                +44 20 3002 2073 
 
 Fusion PR (Media and Analyst Relations) 
 David Worthington                             +1 212 651 4200

ABOUT XG TECHNOLOGY

xG Technology, Inc. develops a broad portfolio of intellectual property to make wireless networks more intelligent, accessible, affordable and reliable. The company has created xMax, a patented all-IP cognitive radio technology that enables spectrum sharing. xMax can solve the crisis facing the wireless industry caused by data-hungry devices and applications that are straining network capacity. It eliminates the need to acquire scarce and expensive licensed spectrum, thus lowering the total cost of ownership for wireless broadband access. xG's goal is to help wireless broadband network operators make more efficient use of their spectrum allocations and to create new opportunities for innovation in unlicensed spectrum. The xMax cognitive radio system incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation and self-organizing networks. xG offers solutions for numerous industries worldwide, including urban and rural wireless broadband, utilities, defense, emergency response and public safety.

Based in Sarasota, Florida, xG has over 60 U.S. and over 140 international patents and pending patent applications, and its technology is available for licensing in both domestic and foreign markets. xG is a publicly traded company listed on the NASDAQ Capital Market and on the London Stock Exchange's Alternative Investment Market (AIM). On the NASDAQ, xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW. On the AIM, xG's unrestricted shares trade under the stock symbol XGTU.L and xG's restricted 'Reg S' shares trade under the stock symbol XGT.L. For more information, please visit www.xgtechnology.com.

Cautionary Statement Regarding Forward Looking Statements

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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