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Update

29 Apr 2014 07:00

RNS Number : 7113F
Telit Communications PLC
29 April 2014
 

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Update

 

Further to its announcement of 18 March 2014 concerning the proposed increase of Mr. Oozi Cats, Telit's CEO and executive director, of his holdings in the Company, the Company makes the following update. The closing date for the proposed increase has been extended from 30 April 2014 to not later than 30 May 2014, subject to Mr. Cats having obtained a financing facility to satisfy the proposed increase. All other details announced on 18th March 2014 remain the same.

 

The Company will make a further announcement once the proposed increase has completed.

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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