13th Feb 2012 07:00
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
Yosi Fait, Finance Director
Yariv Dafna, CFO
Yariv.dafna@telit.com
Canaccord Genuity Limited +0207 050 6500
Nominated Adviser
Simon Bridges
Related Shares:
TCM.L