Business
Share Buyback & Notice of Hol
Share Buyback & Notice of Hol.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n RNS Number : 8538I MTI Wireless Edge Limited 25 November 2008 \n \n25 November 2008\n\nMTI WIRELESS EDGE LTD\n \nSHARE BUYBACK & NOTICE OF HOLDING IN THE COMPANY\n \nFurther 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 24 November 2008, it purchased for cancellation 280,000 ordinary shares at an average price of 10.5 pence per share. Following this transaction MTI has 51,571,990 ordinary shares in issue.\nIn parallel it has received notification from its majority shareholder MTI Computers & Software Services Ltd that it has purchased 280,000 Ordinary Shares at 10.5p on 24 November 2008 and has a revised notifiable interest in 27,031,897 Ordinary Shares in the Company, representing approximately 52.4% of the issued Ordinary Share Capital.\nContacts:\n\nMTI Wireless Edge +972 3 900 8900\nDov Feiner, CEO\nMoni Borovitz, Financial Director\n\nNoble & Company Limited +44 20 7763 2200\nJohn Llewellyn-Lloyd\nJames Nelson\n\nThreadneedle Communications +44 207 653 9850\nGraham Herring\nJosh Royston\n\n About MTI Wireless Edge\n\nMTI designs and manufactures flat panel antennas, largely supplied to international OEMs of fixed broadband wireless access systems. With over 30 years of technical 'know-how', flexible high volume manufacturing capabilities and low failure rates, MTI's antennas now comprise approximately 25% of the ...