2nd Jul 2014 17:28
LONDON (Alliance News) - Telit Communications PLC Wednesday said that Mariselia Ltd, which is beneficially owned by Chief Executive Oozi Cats, has bought 100,000 shares in the company at 215 pence each and 720 shares at 210 pence each.
Mariselia now owns 311,620 shares, Telit said, adding that Cats now has a 19.8% stake in the company, some 22.5 million shares.
Telit added that Chairman Enrico Testa has a stake in just shy of 2.8 million shares, not 2.3 million shares as previously reported on May 19. This is due to 500,000 shares "deemed interested in owned by Wireless Solution Management S.r.l, representing 2.4% of the issued share capital of the company."
Telit shares Wednesday closed at 215.207 pence, up 0.3%.
By Samuel Agini; [email protected]; @samuelagini
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