Business
PDMR dealings and exercise of options
PDMR dealings and exercise of options.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \nRNS Number : 7768P MTI Wireless Edge Limited 04 September 2017 \n\nDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)\n \n \n4 September 2017\n \nMTI Wireless Edge Ltd\n(\"MTI\" or the \"Company\")\n \nPDMR dealings due to institutional demand and exercise of options\n \nMTI Wireless Edge Ltd (AIM: MWE), a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solutions provider, announces the exercise of certain options and sales of ordinary shares by persons discharging managerial responsibilities. All of today's sales of ordinary shares by persons discharging managerial responsibilities and employees were to satisfy demand from an institutional investor.\nThe Company's Chief Executive Officer, Dov Feiner, has today sold a total of 1,080,000 ordinary shares in the Company at a price of 31 pence per ordinary share and has also today exercised 280,000 options to subscribe for new ordinary shares in the Company. Mr Feiner's options had an exercise price of 9.5 pence per ordinary share. \nThe Chief Executive Officer of the Company's major shareholder, MTI Computers & Software Services (1982) Ltd, Menashe Mani, has today sold 108,037 ordinary shares in the Company at a price of 31 pence per ordinary share. \nThe notifications further below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail. \nIn addition, a number of employees have today exercised a total of 332,500 options to subscribe for new ordinary shares in the Company.\nFollowing the above exercises of options, MTI will make an application for a total of 612,500 new ordinary shares in the Company (the \"New Shares\") to be admitted to trading on AIM. Trading in the New Shares is expected be become effective on 8 September 2017. \nFollowing the issue of the New Shares, the Company will have a total of 53,624,318 ordinary shares in issue. Therefore the total number of ordinary shares with voting rights will be 53,624,318, which may be used by shareholders in the Company as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.\nFollowi...