Director/PDMR Shareholding

RNS Number : 5676T

MTI Wireless Edge Limited

09 June 2009

 



MTI Wireless Edge Ltd ('MTI' or the 'Company')

Directors Shareholdings

The Company has received notification from Moni Borovitz (finance director of the Company) that  he  purchased 30,000 Ordinary Shares at 10.5p on 5 June 2009 and has a revised notifiable  direct  interest in 113,000 Ordinary Shares in the Company, representing approximately 0.22% of the issued Ordinary Share Capital*. MTI has 51,571,990 Ordinary Shares in issue.

* Mr. Borovitz also has an interest in 25 per cent. of Mokirei Aya Ltd. which controls 40.6 per cent. of the issued share capital of MTI Computers & Software Services Ltd. (39.37 per cent. on a fully diluted basis), as of 31 December 2008, which has an interest in 52.4 per cent. of the issued share capital of the Company.

Contacts:

MTI Wireless Edge             Dov Feiner, CEO	[phone]
Noble & Company Limited John Llewellyn-Lloyd Sam Reynolds	[phone]
Threadneedle Communications Graham Herring Josh Royston	[phone]

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.

 

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