Last checked at 17 Apr 2018 07:00
17 April 2018
MTI Wireless Edge Ltd
("MTI" or the "Company")
Notice of AGM and EGM
The board of MTI (the "Board") announces an AGM will be held at 10.00 a.m. (London time) on 23 May 2018 at the offices of Allenby Capital Limited, 5 St Helen's Place, London, EC3A 6AB for the purpose of:
1. presentation of the 2017 financial reports.
2. to re-elect Mr. Zvi Borovitz as a non-executive chairman of the Company;
3. to re-elect Mr. Dov Feiner, the Company's Chief Executive Officer, as a director of the Company;
4. to re-elect Mr. Moni Borovitz, the Company's Chief Financial Officer, as a director of the Company;
5. to re-elect Mr. Zvi Kanor as a non-executive director of the Company;
6. to re-elect Mr. David Yariv as a non-executive director of the Company; and
7. to re-appoint BDO Israel LLP as the Company's auditors for the year 2018 and to authorize the directors to determine the auditors' remuneration for the year 2018.
In addition, the Board announces that an EGM will also be held at the same time and location for the purpose of seeking shareholders' approval to the reappointment of Mrs. Lihi Elimelech Bechor as external director for 3 years;
Shareholders should note that Mr. Richard Bennet will remain in his position as non-executive external director as a result of the fact that his appointment was for three years from May 2016. Shareholders should also note that the Company will not be posting hard copies of this notice and the annual reports to its shareholders. Shareholders who require a hard copy may download it from the Company's website at www.mtiwe.com or write to the Company at MTI Wireless Edge Ltd Headquarters, 11 Hamelacha St. Afek Industrial Park, Rosh-Ha'Ayin, Israel requesting a hard copy.
Notice to shareholders
A Notice of the EGM will be posted to shareholders and will shortly be available on the Company's website at the following address, www.mtiwe.com/, in accordance with AIM Rule 20.
For further information please contact:
MTI Wireless Edge Ltd Dov Feiner, CEO Moni Borovitz, Financial Director
| http://www.mtiwe.com/ +972 3 900 8900 |
Nomad and Joint Broker Allenby Capital Limited Nick Naylor Alex Brearley
| +44 20 3328 5656
|
Joint BrokerPeterhouse 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 and for military applications. Commercial applications include: WiMAX; wireless networking; RFID readers; and broadband wireless access. With over 40 years' experience MTI supplies 100KHz to 90GHz antennas (including directional antennas and omni directional) for outdoor and indoor deployments, including smart antennas for WiMAX, Wi-Fi, public safety, RFID and base stations and terminals. For the 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 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 activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape and wastewater and storm water reuse.