10th Dec 2012 11:12
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Director's Shareholding
The Company was notified on 7 December 2012 by Alexander Sator, Non-Executive Director of Telit, that Sapfi Kapital Management GmbH, of which Mr Sator is Managing Director and majority shareholder, acquired 260,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") between 10 November 2012 and 7 December 2012 at an average price of 57.04 pence per share.
Following these transactions, Sapfi Kapital Management GmbH owns 4,965,742 Ordinary Shares in the Company representing approximately 4.81% of the Company.
The issued share capital of Telit comprises 103,289,204 Ordinary Shares, each with voting rights. There are no shares held in treasury.
Telit Communications PLC +39 06 420 4601
Oozi Cats, CEO - [email protected]
Yosi Fait, Finance Director - [email protected]
Canaccord Genuity +44 20 7523 8000
Simon Bridges
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