Business
Notice of extraordinary shareholder meeting
MTI Wireless Edge Ltd. (AIM: MWE) announced an extraordinary general meeting (EGM) on September 29, 2025, to elect Amalia Borovitz Bryl as Chair and approve a revised remuneration policy. The EGM will also approve a management services agreement for Mrs. Borovitz Bryl, replacing the late Mr. Zvi Borovitz, under the terms approved on March 18, 2025, and a management services agreement for David Yariv as Vice Chairman until February 2028. Mrs. Borovitz Bryl's monthly management fee is NIS 51,000, with a variable bonus of up to US$100,000 annually, contingent upon the company's net consolidated profit exceeding US$1,200,000. Mr. Yariv's monthly fee is NIS 17,000 with a potential annual bonus capped at US$35,000, also dependent on exceeding the US$1,200,000 profit threshold. Mokirei Aya Ltd., the controlling shareholder, holds 27,020,895 Ordinary Shares (31.35% voting rights). The EGM will also approve a deed of indemnification for Mrs. Borovitz Bryl. Disclaimer*
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n\n22 August 2025\n \nMTI Wireless Edge Ltd\n \n(\"MTI\" or the \"Company\")\n \nNotice of extraordinary shareholder meeting\n \nNomination of Chair and Vice Chair of the board of directors\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 be holding an extraordinary general meeting of the Company (the \"EGM\") at 14.00 hrs (London time) on 29 September 2025. The EGM will be held at the offices of Allenby Capital Limited, 5 St. Helen's Place, London, EC3A 6AB for the purpose of:\n \nEGM\n \n1. electing Mrs. Amalia Borovitz Bryl as a director and the chair of the board of directors (\"Chair\") of the Company.\n2. approval of Mrs. Amalia Borovitz Bryl entering into the existing Management Services Agreement (as defined below) replacing the late Mr. Zvi Borovitz as the Chair under the same terms and conditions, effective from 20 August 2025. This follows the approval on 18 March 2025 of the management services agreement (the \"Management Services Agreement\"), summarized in relation to Mrs. Borovitz Bryl in Schedule A to this announcement, between the Company and Mokirei Aya Management (2003) Ltd. (the \"Management Company\") for the provision of the services of the Chairman of the Company for a further three years or for a longer period, to the extent prescribed in the provisions of the Israeli Companies Law, with effect from 1 March 2025 to the death of Mr. Zvi Borovitz.\n3. approval of an amendment to the 2025 Remuneration Policy of the Company adopted in March 2025 (\"2025 Remuneration Policy\"), as detailed in Schedule B.\n4. subject to the approval of the amendment to the 2025 Remuneration Policy, approval of the entering into a management service agreement with David Yariv, who is an existing director of the Company and a relative of Jacques and Rina Beer, and who is deemed part of the controlling shareholders of the Company, for his service as vice chairman of the board of directors of the Company (\"Vice Chairman\"), summarized in Schedule A to this announcement, until the end of February 2028 with effect from 20 August 2025.\n5. approval of the granting of a deed of indemnification (the \"D...