12 Mar 2015 08:00
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Holding(s) in Company
As previously announced, Mr Enrico Testa, the Company's chairman, was interested in 2,755,365 Ordinary Shares of the Company ("Ordinary Shares") comprised of 1,500,000 shares held in his own name and 1,255,365 Ordinary Shares in which Mr Testa was deemed to be interested by virtue of his directorship in each of GT Srl ("GT") and Wireless Solution Management Srl ("WSM"). GT held 500,000 Ordinary Shares and WSM held 755,365 Ordinary Shares in Telit. The Company announces that it has been informed by Mr Testa that each of GT and WSM have been put into members' voluntary liquidation, with the shares each held in Telit distributed to the members of each respective company on a pro rata basis. As a result of this, Mr Testa is no longer deemed to be interested in the Ordinary Shares held by each of GT and WSM and, consequently, is now interested in 1,500,000 Ordinary Shares in Telit, representing 1.3% of the Company's Ordinary Share capital.
In addition, Mr Testa discloses the above information relating to the voluntary liquidation of GT and WSM in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.
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 Charlie Pearmund | Tel: +44 20 7523 8000 |