13th Aug 2018 17:09
LONDON (Alliance News) - Flat panel antennae manufacturer MTI Wireless Edge Ltd said on Monday it has received a final court approval from an Israeli court required for the completion of the proposed merger between the company and MTI Computers & Services (1982) Ltd.
MTI said it has now received all the approvals required for the merger to complete.
Application will be made for the 31.6 million new shares, being allocated to MTI Computers & Software shareholders, to be traded on AIM by Friday.
MTI Computers & Software shareholder's existing 29.5 million share holding in MTI Wireless will be transferred to MTI Computers & Software shareholders.
MTI Computers & Software's last day of trading on the Tel Aviv Stock Exchange will be August 16.
Shares in MTI Wireless closed up 2.0% Monday at 21.42 pence each.
Related Shares:
Mti Wireless