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Director's Dealing

31st Mar 2014 16:25

RNS Number : 6404D
Telit Communications PLC
31 March 2014
 

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Director's Dealing

 

The Company announces that on 28 March 2014 Mr. Oozi Cats, its CEO and executive director, bought 5,802 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 234 pence per share, 1,979 Ordinary Shares at a price of 236.75 pence per share, 3,161 Ordinary Shares at a price of 237 pence per share and 9,058 Ordinary Shares at a price of 237.25 pence per share.

 

Following these transactions, Mr. Cats will own or be directly interested in 22,700,357 Ordinary Shares, representing 20.64% of the issued share capital of the Company. As announced on 18 March 2014, following the proposed acquisition by Oozi Cats of 50% of Boostt B.V., Mr. Cats will own or be directly interested in 22,200,357 as a result of his no longer being interested in 500,000 Ordinary Shares held by Wireless Solution Management S.r.l..

 

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
 
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