Business
Scrip dividend reference price
Scrip dividend reference price.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \nRNS Number : 1235H MTI Wireless Edge Limited 08 March 2018 \n\n8 March 2018\nMTI Wireless Edge Ltd\n \n(\"MTI\" or the \"Company\")\n \nScrip dividend reference price \nMTI Wireless Edge Ltd. (MWE), a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solution provider, announces that the reference price of a Scrip Dividend Shares under the Company's Scrip Dividend Alternative to the 2017 Dividend has been set at 27 pence (the \"Scrip reference Price\"). The Scrip reference Price represents the average closing mid-market price of an Ordinary Share on AIM between 1 March 2018 and 7 March 2018. \nThe final time and date for the receipt of elections to participate in the Scrip Dividend Alternative is 5.00 p.m. on 22 March 2018. The exact number of Scrip Dividend Shares required to be issued under the Scrip Dividend Alternative will be established after 22 March 2018 and a further announcement will be made as appropriate. Further information is available on the Company's website in the Circular published on 16 February 2018 and words and expressions defined in the Circular bear the same meanings in this announcement. \n \nFor further information please contact:\n \n\n\n\n\nMTI Wireless Edge\nDov Feiner, CEO\nMoni Borovitz, Financial Director\n\n\nhttp://www.mtiwe.com/ \n+972 3 900 8900\n\n\n\n\nAllenby Capital Limited (Nomad and Joint Broker)\nNick Naylor\nAlex Brearley\n\n\n+44 20 3328 5656\n \n\n\n\n\nPeterhouse Corporate Finance Limited (Joint Broker)\nLucy Williams\nEran Zucker\n\n\n+44 20 7469 0930\n\n\n\n\n \nAbout MTI Wireless Edge\n \nMTI is engaged in the development, production and marketing of high quality, low cost, flat panel antennas for commercial and for military applications. Commercial applications include: WiMAX; wireless networking; RFID readers; and broadband wireless access. With over 40 years' experience MTI supplies 100KHz to 90GHz antennas (including directional antennas and omni directional) for outdoor and indoor deployments, including smart antennas for WiMAX, Wi-Fi, public safety, RFID and base stations and terminals for the utility market. Military applications includes a wide range of broadband, tactical and specialized communications antennas, antenna systems and DF arrays instal...