Report & Accounts and AGM

1 Apr 2008 12:45

MTI Wireless Edge Limited01 April 2008 MTI WIRELESS EDGE LTD ACCOUNTS AND AGM NOTICE POSTED Following the announcement on 3 March 2008 of the Company's results for the yearended 31 December 2007, the Company's Audited Report and Accounts has now beenposted to shareholders together with a Notice of Annual General Meeting to beheld at 4pm (London time) on Thursday, 15 May 2008 at the offices of Olswang, 90High Holborn, London WC1V 6XX, inter alia, to present the Report and Accounts,re-appoint Directors, amend the CEO's remuneration package and approve a newoption scheme for key Directors and Employees under which options will begranted on 1.5 million shares (approximately 2.84% of the Company's currentissued and voting share capital of 52,896,990 ordinary shares), including275,000 options (0.52%) to each of Dov Feiner and Moni Borovitz, with a vestingdate of 1st April 2011 and an exercise price of 30p per share, which exerciseprice represents a premium to today's share price. Any further amounts ofoptions to be granted under the new scheme will be presented to shareholders fortheir approval. Copies of the Report and Accounts and the AGM Notice are also available from the Company's web site at www.mtiwe.com. Contacts: MTI Wireless Edge +972 3 900 8900Dov Feiner, CEOMoni Borovitz, Financial Director Blue Oar Securities - Nominated Adviser +44 20 7448 4400John WilkesMatthew Marchant Daniel Stewart & Co +44 20 7776 6550Lindsay Mair Threadneedle Communications +44 207 936 9605Graham HerringJosh Royston About MTI Wireless Edge MTI designs and manufactures flat panel antennas, largely supplied to international OEMs of fixed broadband wireless access systems. With over 30 years of technical 'know-how', flexible high volume manufacturing capabilities and low failure rates, MTI's antennas now comprise approximately 25% of the global fixed broadband wireless antenna market. In addition, the Company has successfully developed products for new commercial applications as wireless systems become increasingly prevalent in new markets. END This information is provided by RNS The company news service from the London Stock Exchange