Business
Share purchase by a substantial shareholder
Share purchase by a substantial shareholder.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n\n21 November 2023\nMTI Wireless Edge Ltd\n(\"MTI\", the \"Company\" or the \"Group\")\nShare purchase by a substantial shareholder\nTransaction in own shares\nTotal voting rights\nMTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce the following:\nShare purchase by Mokirey Aya Ltd\nMTI announces that it was informed on 21 November 2023 that Mokirey Aya Ltd, a company controlled by members of the Borovitz family (including Zvi Borovitz, Chairman of the Board of Directors and Moni Borovitz, Director and Chief Executive Officer of the Company), has purchased 250,000 ordinary shares of par value 0.01 Israeli Shekels each in the capital of the Company (\"Ordinary Shares\") at a price of 31.5p per Ordinary Share, being the prevailing mid-market share price at the time that the trade was agreed. These Ordinary Shares were purchased from the Company's treasury shares, as described below.\nFollowing this share purchase, Mokirey Aya Ltd has an interest in 26,670,895 Ordinary Shares, equivalent to 30.12% of the voting rights in the Company (as detailed below). Separately, Zvi Borovitz and Moni Borovitz are beneficially interested in 1,146,429 and 371,254 Ordinary Shares respectively and these holdings remain unchanged, representing 1.29% and 0.42% of the voting rights in the Company (as detailed below) respectively.\nShare purchase by Jacques and Rina Beer (the \"Beer Family\")\nMTI announces that it was informed on 21 November 2023 that the Beer Family has purchased 100,000 ordinary shares of par value 0.01 Israeli Shekels each in the capital of the Company (\"Ordinary Shares\") at a price of 31.5p per Ordinary Share, being the prevailing mid-market share price at the time that the trade was agreed. These Ordinary Shares were purchased from the Company's treasury shares, as described below.\nFollowing this share purchase, the Beer Family has an interest in 9,197,042 Ordinary Shares, equivalent to 10.39% of the voting rights in the Company (as detailed below).\nTransaction in own shares and total voting rights\nMTI further announces that, in accordance with the Company's Share Repurchase Programme, 350,000 Ordinary Shares were sold by the Company on 20 November 2023, at a price of 31.5 pence per share (being the ...