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19 May 2014 18:00
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Director's Dealing
The Company announces that on 19 May 2014, GT S.r.l. ("GT"), a company in which Mr. Enrico Testa, the Company's chairman, is chairman and therefore deemed to be interested in its holdings, purchased 2,069 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 183.75 pence per share and 5,831 Ordinary Shares at a price of 185 pence per share.
Following the transaction, Mr. Testa will own or be directly interested in 24,955,722 Ordinary Shares, representing 22.03% of the issued share capital of the Company.
As announced on 18 March 2014, and again on 29 April 2014, following the proposed acquisition by Oozi Cats, the Company's CEO and executive director, of 50% of Boostt B.V., Mr. Testa will own or be directly interested in 2,255,400 Ordinary Shares, representing 1.99% of the issued share capital of the Company.
For further information:
Telit Communications PLC | Tel: +39 06 4204601 |
Oozi Cats, CEO | |
Yosi Fait, Finance Director | |
Canaccord Genuity Limited Nominated Adviser Simon Bridges Peter Stewart Mo Mirza | Tel: +44 20 7523 8000 |
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