30th Sep 2008 11:21
Telit Communications PLC
(the "Company" or "Telit")
Director Shareholding
The Company was informed that on 29 September 2008 , Mr. Oozi Cats, the Chief Executive of the Company, purchased 10,000 ordinary shares in the capital of the Company ("Ordinary Shares") at the price of 40p per Ordinary Share.
Mr. Cats directly holds 3,110,357 Ordinary Shares, representing 7.20% of the issued share capital of the Company.
Mr. Cats also holds 50% of the issued share capital of Boostt B.V. ("Boostt"), which holds 12,100,000 Ordinary Shares representing 28.00% of the issued share capital of the Company.
Franco Bernabe & TSL and its subsidiaries, which together hold the remaining 50% of Boostt's issued share capital, hold directly an additional 1,250,000 Ordinary Shares, representing 2.89% of the issued share capital of the Company.
Mr. Cats has certain voting understandings with certain members of the FB Net group of companies. Therefore, the FB Net group of companies and Mr. Cats are, in aggregate, currently interested in 16,460,357 Ordinary Shares, representing 38.09% of the issued share capital of the Company.
Ends
For further information:
|
Telit Communications PLC Maya Lustig, VP Investor Relations |
Tel: +972 (3) 7914040 |
|
Seymour Pierce Limited Stuart Lane |
Tel: +44 (0) 20 7107 8000 http://www.seymourpierce.com |
Related Shares:
TCM.L