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Last checked at 
13 Mar 2014 07:00
13 March, 2014
MTI WIRELESS EDGE LTD ("MTI" or the "Company")
Director deal
MTI has been informed by its key shareholder MTI Computers and Software Services (1982) Ltd ("MTIC") that the key shareholder in MTIC, Mokirei Aya Ltd, had purchased an additional 300,000 shares (which represent approximately 2.6% of MTIC) of MTIC, increasing its holding in MTIC to 43.2%.
Mokirei Aya Ltd is a private company held by the Borovitz Family - Mr. Zvi Borovitz, MTI's Non Executive Chairman and Mr. Moni Borovitz, MTI's Financial Director, hold 25%, each, in Mokirei Aya Ltd.
MTIC continues to hold 27,031,897 ordinary shares in the Company, representing approximately 52.4% of the issued share capital of the Company.
Contacts:
MTI Wireless Edge Dov Feiner, CEO Moni Borovitz, Financial Director | http://www.mtiwe.com/ +972 3 900 8900 |
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Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor Alex Price | +44 20 3328 5656
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Newgate Threadneedle Graham Herring Robyn McConnachie | +44 207 653 9850 |
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 includes 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.
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