TIDMMWE
RNS Number : 2986Z
MTI Wireless Edge Limited
13 September 2022
13 September 2022
MTI Wireless Edge Ltd
("MTI" or the "Company")
Transaction in own shares
In accordance with the Company's Share Repurchase Programme, MTI
Wireless Edge Ltd. (AIM: MWE), the technology group focused on
comprehensive communication and radio frequency solutions across
multiple sectors, announces that 50,000 ordinary shares of par
value 0.01 Israeli Shekels each in the capital of the Company
("Ordinary Shares") were purchased by the Company on 13 September
2022, at a price of 54 pence per share. These shares will be held
as treasury shares.
Following this transaction, the Company holds 100,000 Ordinary
Shares in treasury. The total number of Ordinary Shares in issue is
88,538,724 and the total number of voting rights in the Company as
at the date of this announcement is therefore 88,438,724, 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/Piers Shimwell (Corporate Finance)
Amrit Nahal/David Johnson (Sales and Corporate Broking)
Shore Capital (Joint Broker)
+44 20 7408 4090
Toby Gibbs/John More
Novella (Financial PR)
+44 20 3151 7008
Tim Robertson/ Safia Colebrook
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 as retained in UK law (the UK Market Abuse Regulation),
the schedule below contains detailed information about the
purchases made by Shore Capital Stockbrokers Limited on behalf of
the Company as part of the Share Repurchase Programme.
Schedule of Purchases
Shares purchased: MTI Wireless Edge Ltd (ISIN: IL0010958762)
Date of purchases: 13 September 2022
Investment firm: Shore Capital Stockbrokers Limited
Aggregate information:
Venue Volume-weighted Aggregated volume
average price,
pence
London Stock Exchange 54p 50,000
Individual transaction:
Number of Transaction Time of Trading venue
Ordinary Shares price transaction
purchased (pence per
Ordinary Share)
50,000 54p 10:17 London Stock Exchange
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 174 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 5G
backhaul, Broadband access, public safety, RFID, base station 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 and monitoring 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, increase crops quality and yield
while reducing operational and maintenance costs providing fast ROI
while helping sustain the environment. 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. It also
specializes in the development, manufacture and integration of
communication systems and advanced monitoring and control systems
for the Government and defence industry market.
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