MTI Wireless Edge Limited Exercise of options (2320Z)
17 September 2020 - 4:00PM
UK Regulatory
TIDMMWE
RNS Number : 2320Z
MTI Wireless Edge Limited
17 September 2020
1 7 September 2020
MTI Wireless Edge Ltd
("MTI" or the "Company")
Exercise of options
MTI Wireless Edge Ltd. (AIM: MWE), the technology group focused
on comprehensive communication and radio frequency solutions across
multiple sectors, announces the exercise of 20,000 share options by
an employee of the Company on 16 September 2020. These options had
an exercise price of 27 p per new ordinary share of NIS 0.01
nominal value ("Ordinary Shares"). The Company has made an
application for 20,000 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 to become effective on or
around 22 September 2020.
Following the above, there are no share options granted under
the Company's current option plan and the total number of Ordinary
Shares in issue is now 88,538,724. The Company does not currently
hold any Ordinary Shares in treasury. Therefore, the total number
of voting rights in the Company is 88,538,724, which may be used by
shareholders 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 Company.
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 (Equity Sales)
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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEMZGMLRVVGGZM
(END) Dow Jones Newswires
September 17, 2020 02:00 ET (06:00 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