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Director's Dealing

31 Mar 2014 16:25

RNS Number : 6404D
Telit Communications PLC
31 March 2014
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TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

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Director's Dealing

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The Company announces that on 28 March 2014 Mr. Oozi Cats, its CEO and executive director, bought 5,802 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 234 pence per share, 1,979 Ordinary Shares at a price of 236.75 pence per share, 3,161 Ordinary Shares at a price of 237 pence per share and 9,058 Ordinary Shares at a price of 237.25 pence per share.

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Following these transactions, Mr. Cats will own or be directly interested in 22,700,357 Ordinary Shares, representing 20.64% of the issued share capital of the Company. As announced on 18 March 2014, following the proposed acquisition by Oozi Cats of 50% of Boostt B.V., Mr. Cats will own or be directly interested in 22,200,357 as a result of his no longer being interested in 500,000 Ordinary Shares held by Wireless Solution Management S.r.l..

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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

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