MTI Wireless Edge Limited Scrip dividend reference price (9229Y)

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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                         [phone] 
---------------------------  --------------------------- 
 

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

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March 08, 2017 12:40 ET (17:40 GMT)