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2 Jul 2014 18:21
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Director's Dealing
The Company announces that it was informed today by Oozi Cats, its CEO and executive director, that Mariselia Ltd., a company in which Mr. Cats is the beneficial owner, has bought 100,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 215 pence per share and 720 Ordinary Shares at 210 pence per share. Following this acquisition, Mariselia now owns 311,620 shares.
Following these transactions, Mr. Cats owns or is directly interested in 22,511,977 Ordinary Shares, representing 19.8% of the issued share capital of the Company.
In addition, Telit announces an amendment further to its announcement on 19 May 2014 in relation to Mr. Enrico Testa's, the Company's chairman, holdings in the Company. Mr. Testa owns or is directly interested in 2,755,365 Ordinary Shares, instead of 2,255,400 Ordinary Shares, as a result of the 500,000 Ordinary Shares he is deemed interested in owned by Wireless Solution Management S.r.l,, representing 2.4% of the issued share capital of the Company.
For further information:
Telit Communications PLC | Tel: +39 06 4204 601 |
Oozi Cats, CEO | |
Yosi Fait, Finance Director | |
Michael Galai, Chief Legal Officer | |
Canaccord Genuity Limited Nominated Adviser Simon Bridges Peter Stewart Mo Mirza | Tel: +44 20 7523 8000 |
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