REG - MTI Wireless Edge - Transaction in own Shares

MTI Wireless EdgeAnnouncement

04/02/2019 07:05

RNS Number : 9064O
MTI Wireless Edge Limited
04 February 2019
 


4 February 2019
MTI Wireless Edge Ltd
("MTI" or the "Company")
Transaction in own Shares
 
In accordance with the Company's Share Repurchase Programme announced on 24 January 2019, MTI Wireless Edge Ltd. (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, announces that 85,000 ordinary shares of par value 0.01 Israeli Shekels each in the capital of the Company ("Ordinary Shares") were purchased on behalf of the Company on 1 February 2019, at a price of 20.25p per share.  These shares will be held as treasury shares, in accordance with the terms described in the Company's announcement of 24 January 2019.
 
Following this transaction, the total number of Ordinary Shares held as treasury shares by the Company is 85,000 Ordinary Shares. The total number of Ordinary Shares in issue is 87,038,724 (including shares held as treasury shares). Therefore, the total number of voting rights in the Company is 86,953,724, 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.
 
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by Peterhouse Capital 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:


1 February 2019




Investment firm:


Peterhouse Capital Limited




 
Aggregate information:




Venue


Volume-weighted

average price, pence


Aggregated volume




London Stock Exchange


20.25p


85,000




 
Individual transaction:




Number of Ordinary Shares purchased


Transaction price

(pence per Ordinary Share)


Time of transaction


Trading venue




85,000


20.25 p


08:18


London Stock Exchange




 
For further information please contact:
 
MTI Wireless Edge Ltd                                                                                          +972 3 900 8900
Dov Feiner, CEO                                                                                                              
Moni Borovitz, Financial Director
 
Allenby Capital Limited (Nomad and Joint Broker)                                           +44 20 3328 5656
Nick Naylor
Alex Brearley
 
Peterhouse Capital Limited (Joint Broker)                                                           +44 20 7469 0930
Lucy Williams
Eran Zucker
 
 
About MTI Wireless Edge
Headquartered in Israel, MTI is a multi-faceted Group offering comprehensive technology solutions through four core divisions:
Antennas Division
MTI Wireless Edge 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 90 GHz.
Internationally recognized as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range, MTI Wireless Edge addresses both commercial and military applications.
MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for WiMAX, Broadband access, public safety, RFID, base stations 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.
Aerostat Operation Division
Via its system engineering division, the Group offers design and integration of aerostat operation systems along with the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems.   
 Water Control & Management Division 
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), the Group provides high-end remote control 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 solutions ensure constant, reliable and accurate water usage, while reducing operational and maintenance costs. Mottech activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape as well as wastewater and storm-water reuse.
RF and Microwave Representative and Consultation Division
Via its subsidiary, MTI Summit Electronics Ltd. the group offers representative and expert consultation services specializing in RF and Microwave solutions and applications. It provides its services to international electronics suppliers operating in Israel, Eastern Europe, and Russia. 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
POSCKDDPCBKDOBK