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Consideration of Possible US IPO

13th Feb 2012 07:00

RNS Number : 2634X
Telit Communications PLC
13 February 2012
 



 

 

TELIT COMMUNICATIONS PLC

("Telit")

 

Consideration of possible US IPO

 

 

February 13, 2012 - Telit (AIM: TCM), the leading machine-to-machine wireless technology company, has announced that it has decided to consider undertaking a potential initial public offering in the United States. Such an offering will be dependent upon market conditions and would be expected to occur, if at all, in the second half of 2012.

This statement does not constitute an offering of any securities for sale.

 

 

For further information please visit www.telit.comor contact:

 

Telit Communications PLC +39 06 420 4601

Oozi Cats, CEO

[email protected]

 

Yosi Fait, Finance Director

[email protected]

 

Yariv Dafna, CFO

Yariv.dafna@telit.com

 

Canaccord Genuity Limited +0207 050 6500

Nominated Adviser

Simon Bridges

 

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