MTI to raise $10m. on AIM

In its draft prospectus, MTI said that before closing of the offering, scheduled for the first half of March, it would distribute a total dividend of $2m. to MTI Wireless workers and investors.

By AVI KRAWITZ
February 27, 2006 06:49

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Rosh Ha'ayin-based MTI Computers & Software Services Ltd. said Sunday its subsidiary MTI Wireless Edge Ltd. plans to raise $10 million in an initial public offering on the AIM (Alternative Investment Market) in London. The company said it would raise the financing mainly from institutional investors, and that the offering would be based on a company value of $26m. In its draft prospectus, MTI said that before closing of the offering, scheduled for the first half of March, it would distribute a total dividend of $2m. to MTI Wireless workers and investors. MTI Computers owns 89.3% of MTI Wireless, while the remaining shares are shared between its workers and investment group Catalyst Investments.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS