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Highlights

2016 Highlights

 

 

  • Revenues increased by 19% during the Period to $23.3m (2015: $19.6m)
  • Gross profit increased during the Period by 11% to $8.6m (2015: $7.7m)
  • Generated over $1.2m of cash from operation (2015: $0.2m)
  • Profit before tax remains strong at $1.2m (2015: $1.4m) 
  • Earnings per share of 1.81 US Cents (2015: 2.37 US cents)
  • Shareholder’s equity grew during the Period to $18.9m (31 December 2015: $18.4m)
  • Dividend of $0.01 per share declared with a scrip dividend alternative offered to all shareholders

MTI Wireless Edge Ltd. is incorporated in Israel under the laws of Israel. Its head office is located in Israel.

As the rights of the shareholders of MTI Wireless Edge are governed by Israeli Law, they may differ from the rights of shareholders in an English incorporated company. Accordingly, transactions in shares of MTI Wireless Edge are not subject to the provisions of the UK City Code on Takeovers and Mergers.

Under the Israeli Companies Law, a potential bidder for the Company's shares, who would as a result of a purchase of shares hold either 25 per cent, or more of the voting rights in the Company

When no other party holds 25 per cent, or more, or 45 per cent, or more of the voting rights in the Company where no other shareholder holds 45 per cent, or more of the voting rights, would be required to make a special purchase offer as set out in the provisions of the Companies Law.

 

The information on this web site is disclosed pursuant to Rule 26 of the AIM Rules for Companies