Last checked at 21 Dec 2011 09:40
MTI Wireless Edge Ltd
(the "Company")
Payment of dividend
MTI Wireless Edge Ltd is pleased to announce that its Board is recommending an interim dividend of 1.93 cents per share in respect of the year to 31 December 2011. The Dividend will be paid before year end as it is likely to be more beneficial to Israeli shareholders of the Company to do so as a result of a new tax régime in Israel from the beginning of 2012. The Board believes that such dividend will not harm the stability of the Company as it has sufficient funds to continue grow its business.
The interim dividend will be payable on 30 December 2011 to shareholders on the register on 30 December 2011. UK shareholders will receive the payment in pounds (1.23 pence per share).
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For further information please contact:
MTI Wireless Edge
Dov Feiner, CEO http://www.mtiwe.com/
Moni Borovitz, Financial Director +972 3 900 8900
Allenby Capital Limited
Nick Naylor
Alex Price +44 20 3328 5656
Threadneedle Communications
Graham Herring
Josh Royston +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.