20 March 2024
MTI Wireless Edge
Ltd
("MTI" or the
"Company")
Result of AGM and EGM and
Board changes
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 all
resolutions put to shareholders at the annual general meeting and
the extraordinary general meeting of the Company held earlier today
have been passed.
The proxy votes received from shareholders on each
resolution are set out below.
|
Resolutions
|
Votes for
|
%
|
Votes against
|
%
|
Votes total
|
Votes withheld
|
|
Resolution 1
|
|
No
|
vote
|
required
|
|
|
|
Resolution 2
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
|
Resolution 3
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
|
Resolution 4
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
|
Resolution 5
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
|
Resolution 6
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
|
Resolution 7
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
|
Resolution 8
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
|
Resolution 9
|
33,700,860
|
100.0%
|
300
|
0.0%
|
33,701,160
|
12,226
|
Votes "For" include
votes giving the Chairman discretion.
A vote "withheld" is
not counted towards the votes cast "for" or "against" a resolution
or the associated percentage calculations.
Board
changes
Further to the Company's announcement on 9 February
2024, following the passing of Resolution 8, Mrs. Hani Lerman has
been appointed to the Company's Board as an external (independent)
director with immediate effect and Mrs. Lihi Elimelech Bechor has
retired from the Board following the conclusion of her third and
final term as
an external
director.
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)
Guy McDougall/Amrit Nahal (Sales and Corporate
Broking)
|
|
|
|
|
|
Shore Capital
(Joint Broker)
Toby Gibbs/ Rachel Goldstein (Corporate Advisory)
Fiona Conroy (Corporate Broking)
|
+44 20 7408 4090
|
|
Novella
(Financial PR)
|
|
|
Tim Robertson/Safia Colebrook
|
+44 20 3151 7008
|
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 internationally recognised as
a producer of commercial off-the-Shelf and custom-developed antenna
solutions in a broad frequency range of HF to 170 GHz for
commercial, RFID and military applications. MTI continuously
invests in ground breaking technologies, explores new frequencies,
and devises innovative solutions which empower our wireless
communication customers with cutting-edge off-the-shelf and
custom-made antennas.
We are at the forefront of technology
and innovation, being the first to introduce Dual Band parabolic
antennas, E Band Automatic Beam Steering antennas, E Band FCC
compliant flat antennas, and more.
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.