11 April 2024
MTI Wireless Edge Ltd
("MTI" or the
"Company")
Transaction in own
shares
Total voting rights
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 125,000
ordinary shares of par value 0.01 Israeli Shekels each in the
capital of the Company ("Ordinary Shares") were purchased by the
Company on 10 April 2024, at a price of 44.125 pence per Ordinary
Share. These shares will be held as treasury shares.
Following this transaction, as at today's date,
the Company holds 1,033,000 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 87,505,724, 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
Moni Borovitz, CEO
|
+972 3 900
8900
http://www.mtiwirelessedge.com
|
|
Allenby
Capital Limited (Nomad and Joint
Broker)
Nick Naylor/Alex Brearley/Piers Shimwell
(Corporate Finance)
Guy McDougall/Amrit Nahal (Sales and Corporate
Broking)
|
+44 20 3328
5656
|
|
Shore
Capital (Joint Broker)
Toby Gibbs/Rachel Goldstein (Corporate
Advisory)
|
+44 20 7408
4090
|
|
Novella (Financial
PR)
Tim Robertson/Safia Colebrook
|
+44 20 3151
7008
|
|
|
|
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 purchase 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
purchase:
|
10 April 2024
|
|
Investment
firm:
|
Shore Capital Stockbrokers Limited
|
Aggregate information:
|
Venue
|
Volume-weighted
average price, pence
|
Aggregated
volume
|
|
London Stock Exchange
|
44.125p
|
125,000
|
Individual
transaction:
|
Number of
Ordinary Shares purchased
|
Transaction
price
(pence per Ordinary Share)
|
Time of
transaction
|
Trading
venue
|
|
125,000
|
44.125p
|
14:10
|
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.