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Holding(s) in Company

12 Mar 2015 08:00

RNS Number : 2252H
Telit Communications PLC
12 March 2015
 

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

 

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