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LONDON - MTI Wireless Edge Ltd (AIM:MWE), a technology group focused on communication and radio frequency solutions, announced it will hold an extraordinary general meeting on September 29, 2025, to elect Amalia Borovitz Bryl as the new chair of its board of directors.
The meeting, scheduled for 2:00 p.m. at Allenby Capital Limited’s London offices, follows the death of company founder and chairman Zvi Borovitz. Shareholders will vote on appointing Mrs. Borovitz Bryl, who is the daughter of the late chairman and sister of current CEO Moni Borovitz.
The company also seeks approval for Borovitz Bryl to enter into the existing Management Services Agreement under the same terms as previously approved in March 2025. This includes a monthly management fee of NIS 51,000 for a minimum of 40% of a standard working week, plus a company car.
Additionally, shareholders will consider amending the company’s 2025 Remuneration Policy to create a vice chairman position. Current director David Yariv is proposed for this role, with a proposed monthly fee of NIS 17,000 for approximately 15% of a standard working week.
Borovitz Bryl, 58, is an innovation strategy consultant who has previously served as a director of MTI Computers and Software (ETR:SOWGn) Services until its merger into MTI in 2018. She holds a Master’s Degree in Business Administration and a Bachelor of Law from Tel-Aviv University.
The Management Company providing these services is a wholly owned subsidiary of Mokirei Aya Ltd., which is MTI’s controlling shareholder with 31.35% of voting rights. The proposed appointments require shareholder approval under Israeli Companies Law due to these related-party relationships.
The notice of the extraordinary general meeting will be posted to shareholders and available on the company’s website, according to the statement based on a press release.
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