Report & Accounts and AGM

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 This information is provided by RNS The company news service from the London Stock Exchange
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