12 Oct 2018 08:30
Telit Communications PLC
Board changes
London, 12 October 2018 - Telit Communications PLC ("Telit", the "Group", AIM: TCM), a global enabler of the Internet of Things (IoT), confirms that, further to the announcement made on 21 September 2018, Suvi Linden, Gil Sharon, Adam Power and Harald Rösch are appointed to the Board as non-executive Directors with immediate effect.
Lars Reger has today stepped down from the Board in order to focus on his role at NXP Semiconductors NV.
Paolo Dal Pino, Executive Chairman of Telit, commented:
"We are delighted to welcome these four experienced individuals. Their appointment considerably enhances the Board's capabilities and expertise as they all bring with them significant industry experience.
"We would also like to thank Lars for his contribution to the Board over the last four years and wish him well for the future."
Telit has adopted the Quoted Companies Alliance's Corporate Governance Code for small and mid-size quoted companies to ensure the reporting and controls in place are appropriate for the business.
Enquiries:
Telit Communications PLC Paolo Dal Pino, Executive Chairman | Tel: c/o Instinctif Partners |
finnCap (Nomad and joint broker) Henrik Persson/Giles Rolls (corporate finance) Tim Redfern/Richard Chambers (corporate broking) | Tel: +44 20 7220 0500 |
Berenberg (Joint Broker) Chris Bowman/Mark Whitmore | Tel: +44 20 3465 2722 |
Instinctif Partners | Tel: +44 20 7457 2077 |
Adrian Duffield/Chantal Woolcock |
Additional Information
In accordance with the AIM Rules for Companies, the following information required to be disclosed in relation to Suvi Linden, Gil Sharon, Adam Power and Harald Rösch is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules for Companies:
Full Name | Suvi Helmi Tellervo Linden |
Age | 56 |
Current beneficial shareholding in the Group | No interest |
Current Directorships | Former Directorships (previous five years) |
Pearlcon Ltd NxtVn Finland Ltd NxtVn Jämsä Ltd NxtVn Oulu Selicon Ltd NxtVn Halli Ltd | Oulun Kaupunginteatteri Ltd |
Full Name | Gil Sharon |
Age | 55 |
Current beneficial shareholding in the Group | No interest |
Current Directorships | Former Directorships (previous five years) |
Golan Telecom International Ltd Golan Tel Communication Ltd | Pelephone Communications Ltd |
Full Name | Adam Nicholas Power |
Age | 49 |
Current beneficial shareholding in the Group | No interest |
Current Directorships | Former Directorships (previous five years) |
Team Felix Ltd (formerly known as Newlogic Solutions Limited) |
Full Name | Harald Rösch |
Age | 50 |
Current beneficial shareholding in the Group | No interest |
Current Directorships | Former Directorships (previous five years) |
Melita Limited Melita Capital P.L.C | United Digital Group Nareos Ltd Internetstores GmbH Blizoo Media and Broadband EAD Seat Pagine Gialle S.p.A. Seat Pagine Gialle Italia S.p.A. Sky Deutschland AG Bultel Cable Bulgaria EAD |
Talent Manager SpA entered liquidation whilst Harald Rösch was a director in 2001. There were no creditor losses. | |