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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mti Wireless Edge Ltd. | LSE:MWE | London | Ordinary Share | IL0010958762 | ORD ILS0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 42.00 | 41.00 | 43.00 | 42.00 | 42.00 | 42.00 | 1,000 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Communications Equip, Nec | 45.63M | 4.05M | 0.0458 | 9.17 | 37.13M |
From Apr 2019 to Apr 2024
TIDMMWE
RNS Number : 9229J
MTI Wireless Edge Limited
05 April 2018
5 April 2018
MTI Wireless Edge Ltd
("MTI" or the "Company")
Completion of scrip dividend
Notification of Major Interest in Shares
Further to the announcement made by the Company on 26 March 2018, MTI Wireless Edge Ltd. (MWE), announces that pursuant to the Company's scrip dividend alternative, 1,813,970 new ordinary shares in the capital of the Company ("Ordinary Shares") have today been issued and the admission of these shares to trading on AIM ("Admission") became effective at 8.00 a.m. this morning.
MTI Computers & Software Services (1982) Ltd ("MTIC") has elected to receive 1,501,282 Ordinary Shares through its participation in the scrip dividend alternative. MTIC now holds a total of 29,510,716 Ordinary Shares, which represents 53.2% of the voting rights in the enlarged issued ordinary share capital of the Company. MTIC is controlled by Mokirey Aya Ltd., a company controlled by the Borovitz family.
Additionally, four persons discharging managerial responsibilities ("PDMRs"), elected to participate in the scrip dividend alternative in respect of their direct holdings in the Company.
Following Admission, the Company now has 55,438,288 Ordinary Shares in issue and admitted to trading on AIM. This figure, 55,438,288 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.
The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended further below and give further details on the participation in the scrip dividend alternative for directors and PDMRs and persons closely associated with them.
For further information please contact:
MTI Wireless Edge http://www.mtiwe.com/ Dov Feiner, CEO +972 3 900 8900 Moni Borovitz, Financial Director Nomad and Joint Broker Allenby Capital Limited Nick Naylor Alex Brearley +44 20 3328 5656 Joint Broker Peterhouse Corporate Finance Limited Lucy Williams Eran Zucker +44 20 7469 0930
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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Hot Features
Premium
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Zvi Borovitz
-------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------
a) Position/status Director - Non Executive
Chairman of MTI Wireless
Edge Ltd
-------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------
a) Name MTI Wireless Edge Ltd
-------------------------- --------------------------------
b) LEI 2138003Y3AHVBB1QCY91
-------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------
a) Description of the Ordinary shares of 0.01
financial instrument, Israeli shekels each
type of instrument Identification code (ISIN)
Identification code for MTI Wireless Edge Ltd's
ordinary shares: IL0010958762
-------------------------- --------------------------------
b) Nature of the transaction Participation in scrip dividend
-------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Scrip 38,913
reference ordinary
price shares
of 27 were acquired
pence through
per share participation
in a scrip
dividend
---------------
-------------------------- --------------------------------
d) Aggregated information Single transaction as in
- Aggregated volume 4 c) above
38,913 ordinary shares were
- Price acquired through participation
in a scrip dividend
Scrip reference price of
27 pence per share
-------------------------- --------------------------------
e) Date of the transaction 5 April 2018
-------------------------- --------------------------------
f) Place of the transaction Outside of trading venue
- Participation in scrip
dividend
-------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Moni Borovitz
-------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------
a) Position/status Director - Financial Director
of MTI Wireless Edge Ltd
-------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------
a) Name MTI Wireless Edge Ltd
-------------------------- --------------------------------
b) LEI 2138003Y3AHVBB1QCY91
-------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------
a) Description of the Ordinary shares of 0.01
financial instrument, Israeli shekels each
type of instrument Identification code (ISIN)
Identification code for MTI Wireless Edge Ltd's
ordinary shares: IL0010958762
-------------------------- --------------------------------
b) Nature of the transaction Participation in scrip dividend
-------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Scrip 4,985
reference ordinary
price shares
of 27 were acquired
pence through
per share participation
in a scrip
dividend
---------------
-------------------------- --------------------------------
d) Aggregated information Single transaction as in
- Aggregated volume 4 c) above
4,985 ordinary shares were
- Price acquired through participation
in a scrip dividend
Scrip reference price of
27 pence per share
-------------------------- --------------------------------
e) Date of the transaction 5 April 2018
-------------------------- --------------------------------
f) Place of the transaction Outside of trading venue
- Participation in scrip
dividend
-------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name MTI Computers & Software
Services (1982) Ltd
-------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------
a) Position/status MTI Computers & Software
Services (1982) Ltd is a
person closely associated
with MTI Wireless Edge Ltd's
Non Executive Chairman,
Zvi Borovitz and MTI Wireless
Edge Ltd's Financial Director,
Moni Borovitz, both of whom
are persons discharging
managerial responsibilities
-------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------
a) Name MTI Wireless Edge Ltd
-------------------------- --------------------------------
b) LEI 2138003Y3AHVBB1QCY91
-------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------
a) Description of the Ordinary shares of 0.01
financial instrument, Israeli shekels each
type of instrument Identification code (ISIN)
Identification code for MTI Wireless Edge Ltd's
ordinary shares: IL0010958762
-------------------------- --------------------------------
b) Nature of the transaction Participation in scrip dividend
-------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Scrip 1,501,282
reference ordinary
price shares
of 27 were acquired
pence through
per share participation
in a scrip
dividend
---------------
-------------------------- --------------------------------
d) Aggregated information Single transaction as in
- Aggregated volume 4 c) above
MTI Computers & Software
- Price Services (1982) Ltd acquired
1,501,282 ordinary shares
through participation in
a scrip dividend
Scrip reference price of
27 pence per share
-------------------------- --------------------------------
e) Date of the transaction 5 April 2018
-------------------------- --------------------------------
f) Place of the transaction Outside of trading venue
- Participation in scrip
dividend
-------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Menashe Mani
-------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------
a) Position/status Chief Executive Officer
of MTI Computers & Software
Services (1982) Ltd
-------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------
a) Name MTI Wireless Edge Ltd
-------------------------- --------------------------------
b) LEI 2138003Y3AHVBB1QCY91
-------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------
a) Description of the Ordinary shares of 0.01
financial instrument, Israeli shekels each
type of instrument Identification code (ISIN)
Identification code for MTI Wireless Edge Ltd's
ordinary shares: IL0010958762
-------------------------- --------------------------------
b) Nature of the transaction Participation in scrip dividend
-------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Scrip 4,632
reference ordinary
price shares
of 27 were acquired
pence through
per share participation
in a scrip
dividend
---------------
-------------------------- --------------------------------
d) Aggregated information Single transaction as in
- Aggregated volume 4 c) above
4,632 ordinary shares were
- Price acquired through participation
in a scrip dividend
Scrip reference price of
27 pence per share
-------------------------- --------------------------------
e) Date of the transaction 5 April 2018
-------------------------- --------------------------------
f) Place of the transaction Outside of trading venue
- Participation in scrip
dividend
-------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Dov Feiner
-------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------
a) Position/status Chief Executive Officer
of MTI Wireless Edge Ltd
-------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------
a) Name MTI Wireless Edge Ltd
-------------------------- --------------------------------
b) LEI 2138003Y3AHVBB1QCY91
-------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------
a) Description of the Ordinary shares of 0.01
financial instrument, Israeli shekels each
type of instrument Identification code (ISIN)
Identification code for MTI Wireless Edge Ltd's
ordinary shares: IL0010958762
-------------------------- --------------------------------
b) Nature of the transaction Participation in scrip dividend
-------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Scrip 85,286
reference ordinary
price shares
of 27 were acquired
pence through
per share participation
in a scrip
dividend
---------------
-------------------------- --------------------------------
d) Aggregated information Single transaction as in
- Aggregated volume 4 c) above
85,286 ordinary shares were
- Price acquired through participation
in a scrip dividend
Scrip reference price of
27 pence per share
-------------------------- --------------------------------
e) Date of the transaction 5 April 2018
-------------------------- --------------------------------
f) Place of the transaction Outside of trading venue
- Participation in scrip
dividend
-------------------------- --------------------------------
--ENDS--
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZMGGDNKNGRZG
(END) Dow Jones Newswires
April 05, 2018 03:29 ET (07:29 GMT)
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