Business
Extension of Share Repurchase Programme
Extension of Share Repurchase Programme.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \nRNS Number : 6541A MTI Wireless Edge Limited 23 January 2020 \n\n23 January 2020\nMTI Wireless Edge Ltd\n \n(\"MTI\" or the \"Company\")\nExtension of Share Repurchase Programme & Notice of Annual General Meeting\n \nMTI Wireless Edge Ltd. (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that it will continue the programme to conduct market purchases of ordinary shares of par value 0.01 Israeli Shekels (the \"Share Repurchase Programme\"). The Share Repurchase Programme, which was commenced on 28 January 2019, was originally put in place until no later than 26 July 2019 and subsequently extended until 26 January 2020. At a recent meeting the board of directors of the Company (the \"Board\") decided to extend the Share Repurchase Programme until 26 July 2020. \n \nThe Share Repurchase Programme shall continue under the same terms and conditions originally announced by the Company on 24 January 2019.\n \nThe Board also announces that the Company's annual general meeting (the \"AGM\") will be held at 15.00 (London time) on 10 March 2020 at the offices of Allenby Capital Limited, 5 St Helen's Place, London, EC3A 6AB for the purpose of:\n \n1. the presentation of the 2019 financial reports;\n2. re-electing Mr. Zvi Borovitz as chairman of the Company; \n3. re-electing Mr. Dov Feiner as a director of the Company; \n4. re-electing Mr Moni Borovitz, the Company's Chief Executive Officer, as a director of the Company; \n5. re-electing Mr David Yariv as a non-executive director of the Company;\n6. re-electing Brigadier General (retired) Amnon Sofrin as a non-executive director of the Company; and\n7. Reappointing BDO Israel LLP as the Company's auditors for the year 2020 and authorizing the directors to determine the auditors' remuneration for such year.\n \nShareholders should note that Mrs Lihi Elimelech Bechor and Mr Richard Bennett will remain in their positions as non-executive external directors, as their appointments were for three years from May 2018 and March 2019, respectively. \nShareholders should also note that the Company will not post hard copies of its annual report and accounts f...