MTI Wireless Edge Limited
07 March 2008
MTI WIRELESS EDGE LTD
SHARE BUYBACK
Further 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 6 March 2008, it purchased for cancellation 883,008 ordinary
shares at 27 pence per share.
Following the above transaction MTI has 52,896,990 ordinary shares in issue.
Contacts:
MTI Wireless Edge +972 3 900 8900
Dov Feiner, CEO
Moni Borovitz, Financial Director
Blue Oar Securities - Nominated Adviser & Joint Broker +44 20 7448 4400
Shane Gallwey
Matthew Marchant
Daniel Stewart & Co - Joint Broker +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.
This information is provided by RNS
The company news service from the London Stock Exchange
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