MTI Wireless Edge Limited
01 April 2008
MTI WIRELESS EDGE LTD
ACCOUNTS AND AGM NOTICE POSTED
Following the announcement on 3 March 2008 of the Company's results for the year
ended 31 December 2007, the Company's Audited Report and Accounts has now been
posted to shareholders together with a Notice of Annual General Meeting to be
held at 4pm (London time) on Thursday, 15 May 2008 at the offices of Olswang, 90
High Holborn, London WC1V 6XX, inter alia, to present the Report and Accounts,
re-appoint Directors, amend the CEO's remuneration package and approve a new
option scheme for key Directors and Employees under which options will be
granted on 1.5 million shares (approximately 2.84% of the Company's current
issued and voting share capital of 52,896,990 ordinary shares), including
275,000 options (0.52%) to each of Dov Feiner and Moni Borovitz, with a vesting
date of 1st April 2011 and an exercise price of 30p per share, which exercise
price represents a premium to today's share price. Any further amounts of
options to be granted under the new scheme will be presented to shareholders for
their approval.
Copies of the Report and Accounts and the AGM Notice are also available from
the Company's web site at www.mtiwe.com.
Contacts:
MTI Wireless Edge +972 3 900 8900
Dov Feiner, CEO
Moni Borovitz, Financial Director
Blue Oar Securities - Nominated Adviser +44 20 7448 4400
John Wilkes
Matthew Marchant
Daniel Stewart & Co +44 20 7776 6550
Lindsay Mair
Threadneedle Communications +44 207 936 9605
Graham Herring
Josh Royston
About MTI Wireless Edge
MTI 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
global fixed broadband wireless antenna market. In addition, the Company has
successfully developed products for new commercial applications as wireless
systems become increasingly prevalent in new markets.
END
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