2 Nov 2017 12:03
Telit Communications PLC
Response to press speculation
London, 2 November 2017 - Telit Communications PLC ("Telit", "the Company", AIM: TCM), a global enabler of the Internet of Things (IoT), is aware of press speculation that the Financial Conduct Authority (FCA) is conducting an investigation into the Company.
Telit wrote to the FCA in August requesting the FCA look into various matters which were of concern to Telit. Subsequently, Telit received a letter from the FCA in response and raising preliminary enquiries. Telit has been informed by the FCA that it is not under formal investigation.
Telit will cooperate fully with the FCA with regard to its confidential enquiries and is currently addressing the matters which the FCA raised.
Enquiries:
Telit Communications PLC Michael Galai, General Council | Tel: +44 203 289 3831 |
finnCap (Nomad and joint broker) Henrik Persson/Giles Rolls (corporate finance) Tim Redfern/Richard Chambers (corporate broking) | Tel: +44 20 7220 0500 |
Berenberg (Joint Broker) Chris Bowman/Mark Whitmore/Ben Wright | Tel: +44 20 3465 2722 |
Instinctif Partners | Tel: +44 20 7457 2020 |
Adrian Duffield/Chantal Woolcock | |
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments - including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.
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Copyright © 2017 Telit Communications PLC. All rights reserved. Telit 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.