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Director's Dealing

19th May 2014 18:00

RNS Number : 5204H
Telit Communications PLC
19 May 2014
 



TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Director's Dealing

 

The Company announces that on 19 May 2014, GT S.r.l. ("GT"), a company in which Mr. Enrico Testa, the Company's chairman, is chairman and therefore deemed to be interested in its holdings, purchased 2,069 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 183.75 pence per share and 5,831 Ordinary Shares at a price of 185 pence per share.

 

Following the transaction, Mr. Testa will own or be directly interested in 24,955,722 Ordinary Shares, representing 22.03% of the issued share capital of the Company.

 

As announced on 18 March 2014, and again on 29 April 2014, following the proposed acquisition by Oozi Cats, the Company's CEO and executive director, of 50% of Boostt B.V., Mr. Testa will own or be directly interested in 2,255,400 Ordinary Shares, representing 1.99% of the issued share capital of the Company.

 

For further information:

Telit Communications PLC

Tel: +39 06 4204601

Oozi Cats, CEO

Yosi Fait, Finance Director

Canaccord Genuity Limited

Nominated Adviser

Simon Bridges

Peter Stewart

Mo Mirza

Tel: +44 20 7523 8000

 

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