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MTI Wireless Edge Ltd. announced on 29 September 2025 that all five resolutions put to shareholders at its Extraordinary General Meeting were passed, with "for" votes ranging from 98.29% to 99.93% across the resolutions. Following the passing of these resolutions, Mrs. Amalia Borovitz Bryl was appointed as a director and Chair of the board, and Mr. David Yariv as Vice Chairman, both effective immediately on 29 September 2025, with their service agreements effective from 20 August 2025.
| Date | 29 Sept 2025 |
| Time | 16:28:55 |
| Category | AGMs and other meetings |
| ID | 2719B |
29 September 2025
MTI Wireless Edge Ltd
("MTI" or the "Company")
Result of EGM and Board changes
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 all resolutions put to shareholders at the extraordinary general meeting of the Company held earlier today have been passed.
The proxy votes received from shareholders on each resolution are set out below.
|
Resolutions |
Votes for |
% |
Votes against
|
% |
Votes total |
Votes withheld |
|
Resolution 1 |
32,299,822 |
98.33% |
548,700 |
1.67% |
32,848,522 |
16,975 |
|
Resolution 2 |
32,299,822 |
98.33% |
548,700 |
1.67% |
32,848,522 |
16,975 |
|
Resolution 3 |
32,285,308 |
98.29% |
563,214 |
1.71% |
32,848,522 |
16,975 |
|
Resolution 4 |
32,826,531 |
99.93% |
21,991 |
0.07% |
32,848,522 |
16,975 |
|
Resolution 5 |
32,278,708 |
98.29% |
563,214 |
1.71% |
32,841,922 |
23,575 |
Votes "For" include votes giving the Chairman discretion.
A vote "withheld" is not counted towards the votes cast "for" or "against" a resolution or the associated percentage calculations.
Board changes
Further to the Company's announcement on 22 August 2025, following the passing of the resolutions, Mrs. Amalia Borovitz Bryl has been appointed as a director of the Company and as the Chair of the board of directors (the "Board") of the Company and Mr. David Yariv has been appointed as Vice Chairman of the Board, both with immediate effect, with their service agreements being effective from 20 August 2025.
For further information please contact:
|
MTI Wireless Edge Ltd |
+972 3 900 8900 |
|
Moni Borovitz, CEO |
|
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|
|
|
Allenby Capital Limited (Nomad and Joint Broker) |
+44 20 3328 5656 |
|
Nick Naylor/Alex Brearley/Piers Shimwell (Corporate Finance) Guy McDougall/Amrit Nahal (Sales and Corporate Broking) |
|
|
|
|
|
Shore Capital (Joint Broker) Toby Gibbs/George Payne (Corporate Advisory) Fiona Conroy (Corporate Broking)
|
+44 20 7408 4090 |
|
Novella (Financial PR) |
|
|
Tim Robertson/Safia Colebrook |
+44 20 3151 7008 |
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:
Antenna division
MTI is internationally recognised as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range of HF to 170 GHz for commercial, RFID and military applications. MTI continuously invests in ground breaking technologies, explores new frequencies, and devises innovative solutions which empower our wireless communication customers with cutting-edge off-the-shelf and custom-made antennas.
We are at the forefront of technology and innovation, being the first to introduce Dual Band parabolic antennas, E Band Automatic Beam Steering antennas, E Band FCC compliant flat antennas, and more.
MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for 5G backhaul, Broadband access, public safety, RFID, base station 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 and monitoring 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, increase crops quality and yield while reducing operational and maintenance costs providing fast ROI while helping sustain the environment. 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. It also specializes in the development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.