Notice of shareholder meetings
8 March 2021
MTI Wireless Edge Ltd
("MTI" or the "Company")
Notice of shareholder meetings
MTI Wireless Edge Ltd. (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that it will be holding its Annual General Meeting (the "AGM") at 10.00 a.m. (London time) on 19 April 2021 at the Company's head office at 11 HaMelacha street, Rosh HaAyin, Israel. The AGM will be followed by an Extraordinary General Meeting (the "EGM") to be held at the same location for the purpose of seeking shareholders' approval for the reappointment of Mrs. Lihi Elimelech Bechor as external director for three years.
While the Board recognises that the AGM represents an important opportunity for it to engage with shareholders and provides a forum that enables shareholders to speak directly with the Board, in light of the current COVID-19 situation and related public health guidance and legislation, shareholders will not be able to attend the AGM or the EGM in person. The Company will make arrangements so that the legal requirements to hold the AGM and EGM can be satisfied and that the AGM and EGM are quorate, but no shareholders will be permitted entry to the physical meetings.
Shareholders are therefore strongly encouraged to submit their vote in advance of the AGM and EGM, as set out below.
To provide an opportunity to engage with the Board and ask questions, the Company intends to make available a facility for shareholders or depositary interest holders who register their interest in advance to watch and listen to the AGM and the EGM live over a webcast and ask questions during the meeting. In order to make this more efficient the Board encourage the shareholders to submit questions in advance as part of their webcast registration information.
To have their votes counted, all shareholders are urged to appoint the Chairman of the meeting as their proxy and holders of depository interests are urged to instruct Computershare Company Nominees Limited to vote on their behalf.
Further information, including details on registering for the webcast and on the resolutions, is detailed below.
The AGM is being called for the purpose of:
1. presentation of the 2020 financial reports;
2. to re-elect Mr. Zvi Borovitz as a non-executive chairman of the Company;
3. to re-elect Mr. Dov Feiner, as a director of the Company;
4. to re-elect Mr. Moni Borovitz, the Company's Chief Executive Officer, as a director of the Company;
5. to re-elect Mr. Amnon Sofrin as a non-executive director of the Company;
6. to re-elect Mr. David Yariv as a non-executive director of the Company; and
7. to re-appoint BDO Israel LLP as the Company's auditors for the year 2021 and to authorize the directors to determine the auditors' remuneration for the year 2021.
Shareholders should note that Mr. Richard Bennet will remain in his position as a non-executive external director, as a result of the fact that his appointment was for three years from March 2019.
Notice to shareholders
A notice of the AGM and EGM will be posted to shareholders and will shortly be available on the Company's website at the following address, www.mtiwirelessedge.com, in accordance with AIM Rule 20.
Registering for the webcast
The AGM and EGM will be held via a webcast platform.
Shareholders can sign up for free by completing the form in Annex 1 to this announcement and emailing the completed form to [email protected] They will receive an email with a link to the meetings by no later than 15 April 2021. If you have submitted an email and have not received a link please call Mrs. Nava Toren at +972 3 9008900.
It is preferred that questions are submitted in advance of the meetings via the email mentioned above and no later than 09.00 a.m., on 16 April 2021, or at any time during the live presentation through an online "chat" facility.
For further information please contact:
MTI Wireless Edge Ltd +972 3 900 8900
Moni Borovitz, CEO http://www.mtiwirelessedge.com
Allenby Capital Limited (Nomad and Joint Broker) +44 20 3328 5656
Nick Naylor/Alex Brearley (Corporate Finance)
Guy McDougall (Sales and Corporate Broking)
Peterhouse Capital Limited (Joint Broker) +44 20 7469 0930
Lucy Williams/ Eran Zucker
Novella (Financial PR) +44 20 3151 7008
Tim Robertson/Fergus Young
About MTI Wireless Edge Ltd. ("MTI")
Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions:
MTI is a world leader in the design, development and production of high quality, state-of-the-art, and cost-effective antenna solutions including Smart Antennas, MIMO Antennas and Dual Polarity Antennas for wireless applications. MTI supplies antennas for both military and commercial markets from 100 KHz to 90 GHz.
Internationally recognized as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range, MTI addresses both commercial and military applications.
MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for WiMAX, Broadband access, public safety, RFID, base stations and terminals for the utility market.
Military applications include a wide range of broadband, tactical and specialized communication antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.
Water Control & Management Division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI provides high-end remote control solutions for water and irrigation applications based on Motorola's IRRInet state-of-the-art control, monitoring and communication technologies.
As Motorola's global prime-distributor Mottech serves its customers worldwide through its international subsidiaries and a global network of local distributors and representatives. With over 25 years of experience in providing customers with irrigation remote control and management, Mottech's solutions ensure constant, reliable and accurate water usage, while reducing operational and maintenance costs. Mottech's activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape as well as wastewater and storm-water reuse.
Distribution & Professional Consulting Services Division
Via its subsidiary, MTI Summit Electronics Ltd., MTI offers consulting, representation and marketing services to foreign companies in the field of RF and Microwave solutions and applications including engineering services (including design and integration) in the field of aerostat systems and the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems which is performed by the Company.
Annex 1 - Shareholder webcast link Form
Only those members registered on the Company's register of members at close of business on 17 March 2021 (the "Record Date") shall be entitled to participate in the Annual General Meeting and the Extraordinary General Meeting. As noted above, shareholders will not be able to attend either of the meetings in person.
I / We __________________ confirm being holders of ______________ shares appearing on the Company's register of members on the Record Date.
I / We also confirm to the Company to list me as a participant in the meetings scheduled for 19 April 2021 at 10.00 a.m. (UK time) or at any adjourned meeting and request the Company to send me a link for the meetings' webcast at the following email address:
Signed on _______________ 2021.
Signature: ________________ .