23 May 2008 07:00
MTI WIRELESS EDGE LTD
SHARE BUYBACK
Further to the US$1.5 million share buyback program announced with the full year results on the 3 March 2008, MTI Wireless Edge Ltd ('MTI' or 'the Company') now announces that on 22 May 2008, it purchased for cancellation 250,000 ordinary shares at an average price of 20 pence per share.
Following the above transaction MTI has 52,471,990 ordinary shares in issue.
Contacts:
MTI Wireless Edge +972 3 900 8900
Dov Feiner, CEO
Moni Borovitz, Financial Director
Blue Oar Securities - Nominated Adviser & Joint Broker +44 20 7448 4400
Shane Gallwey
John Wilkes
Matthew Marchant
Daniel Stewart & Co - Joint Broker +44 20 7776 6550
Lindsay Mair
Threadneedle Communications +44 207 936 9605
Graham Herring
Josh Royston
Mti Wireless (MWE)