Last checked at 2 Jun 2011 08:42
2 June 2011
MTI Wireless Edge Ltd
(the 'Company')
Directors Shareholdings
The Company has received notification from Zvi Borovitz (Non Executive Chairman of the Company) that he purchased 882,000 Ordinary Shares at 11p per share on 1 June 2011 and has a revised notifiable direct interest in 882,000 Ordinary Shares in the Company, representing approximately 1.71 per cent. of the issued Ordinary Share Capital*. MTI has 51,571,990 Ordinary Shares in issue.
* Mr. Borovitz also has an interest in 25 per cent. of Mokirei Aya Ltd. which controls 40.7 per cent. of the issued share capital of MTI Computers & Software Services Ltd. as of 31 May 2011, which has an interest in 52.4 per cent. of the issued share capital of the Company.
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For further information please contact:
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 Nick Naylor Alex Price | +44 20 3328 5656
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Threadneedle Communications Graham Herring Josh Royston | +44 207 653 9850
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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.