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DIRECTOR DEALINGS: Telit Communications Chairman Sells 500,000 Shares

Tue, 08th Sep 2015 14:11

LONDON (Alliance News) - Telit Communications PLC said Chairman Enrico Testa sold 500,000 shares at a price of 345 pence per share Tuesday in order to settle a personal tax liability.

The deal is worth about GBP1.7 million before expenses.

Following this transaction, Testa now holds 1 million shares, which represents 0.87% of the issued share capital.

Shares in the communications technology company were up 0.2% at 343.75p Tuesday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.

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