7 Sep 2018 10:15
Telit Communications PLC
Shareholder requisition notice
London, 7 September 2018 - Telit Communications PLC (AIM: TCM, "Telit", the "Group"), a global enabler of the Internet of Things (IoT), announces that it has received an explanatory letter from Davide Serra, a shareholder, together with a requisition notice from shareholders holding in excess of 5% of the Company's voting capital to convene a general meeting at which resolutions will be proposed to remove Simon Duffy and Yosi Fait as directors of the Company and to appoint four new directors proposed by these shareholders, being Suvi Linden, Jonny Bourne, Anders Torstensson and Adam Power.
The Board is mindful that pursuant to section 304 of the Companies Act 2006, the Group must post a notice of a general meeting within 21 days from the date on which a valid requisition is received and this meeting must be held on a date not more than 28 days after the date of the notice convening the meeting.
Further announcements will be made in due course.
Enquiries:
Telit Communications PLC Paolo Dal Pino, Chairman | Tel: c/o Instinctif Partners |
finnCap (Nomad and joint broker) Henrik Persson/Giles Rolls/Hannah Boros | Tel: +44 20 7220 0500 |
Berenberg (Joint Broker) Chris Bowman/Mark Whitmore | Tel: +44 20 3465 2722 |
Instinctif Partners | Tel: +44 20 7457 2077 |
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 © 2018 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.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.