9 Jun 2020 07:00
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Telit Communications PLC
FCA Investigation Complete
London, 9 June 2020 - Telit Communications PLC ("Telit", AIM: TCM), a global enabler of the Internet of Things (IoT), is pleased to announce that the Financial Conduct Authority (the "FCA") has formally notified Telit that it has completed its investigation into Telit and has decided not to take enforcement action.
Simon Duffy, Chairman of Telit, commented: "We are very pleased that this matter has now been resolved. The composition of the Board has changed completely since the events that were the subject of the FCA's investigation and Telit's corporate governance has improved significantly."
Enquiries:
Telit Communications PLCPaolo Dal Pino, Chief Executive Officer Yariv Dafna, Finance Director & President | Tel: +44 203 289 3831 |
|
|
finnCap (Nomad and Broker) Henrik Persson/Giles Rolls/Hannah Boros (corporate finance) Tim Redfern / Richard Chambers (ECM) | Tel: +44 20 7220 0500 |
|
|
FinElk | Tel: +44 20 7631 8618 |
Robin Haddrill/ Cornelia Schnepf |
|
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, platforms and virtual cellular IoT operator services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally. With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end- to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling their pursuit of enterprise digital transformation.
# # #
Copyright © 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.