MTI Wireless Edge Limited Scrip dividend reference price (9229Y)
March 08 2017 - 12:40PM
UK Regulatory
TIDMMWE
RNS Number : 9229Y
MTI Wireless Edge Limited
08 March 2017
8 March 2017
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 2016 Dividend has been set at 22.55 pence (the
"Scrip reference Price"). The Scrip reference Price represents the
mean average closing mid-market price of an Ordinary Share on AIM
between 2 March 2017 and 8 March 2017.
The final time and date for the receipt of elections to
participate in the Scrip Dividend Alternative is 5.00 p.m. on 15
March 2017. The exact number of Scrip Dividend Shares required to
be issued under the Scrip Dividend Alternative will be established
after 15 March 2017 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 2017 and words and
expressions defined in the Circular bear the same meanings in this
announcement.
For further information please contact:
MTI Wireless Edge http://www.mtiwe.com/ +972
Dov Feiner, CEO 3 900 8900
Moni Borovitz, Financial
Director
--------------------------- ---------------------------
Allenby Capital
Limited Nick Naylor
Alex Brearley +44 20 3328 5656
--------------------------- ---------------------------
About MTI Wireless Edge
MTI is engaged in the development, production and marketing of
High Quality, Low Cost, Flat Panel Antennas for Commercial &
for Military applications. Commercial applications such as: WiMAX,
Wireless Networking, RFID readers &, Broadband Wireless Access.
With over 40 years' experience, supplying antennas 100KHz to 90GHz
including directional antennas and Omni directional for outdoor and
indoor deployments including Smart Antennas for WiMAX, Wi-Fi,
Public Safety, RFID and for Base Stations and Terminals - Utility
Market. Military applications include 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's 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's 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
DIVFMGGFNRMGNZM
(END) Dow Jones Newswires
March 08, 2017 12:40 ET (17:40 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