7 May 2014 17:38
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
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Director's Dealing
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The Company announces that on 7 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, sold 2,535 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 235 pence per share.
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Following the transaction, Mr. Testa will own or be directly interested in 24,947,822 Ordinary Shares, representing 22.02% of the issued share capital of the Company.
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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 2,247,500 Ordinary Shares, representing 1.98% of the issued share capital of the Company.
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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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