21st Oct 2010 07:00
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Exercise of Options
Telit announces that application has been made for 42,600 new ordinary shares of 1 penny each to be admitted to trading on AIM pursuant to the exercise of 42,600 options with an exercise price of 20 pence.
The new ordinary shares will rank pari passu with the Company's existing ordinary shares and trading is expected to commence on 22 October 2010.
In accordance with the FSA's Disclosure and Transparency Rules, we would like to notify the market that following the exercise of these options:
·; Telit's capital consists of 77,074,118 ordinary shares with voting rights
·; Telit does not hold any ordinary shares in Treasury
Therefore, the total number of voting rights in Telit is 77,074,118.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Telit under the FSA's Disclosure and Transparency Rules.
For further information please visit www.telit.com or contact:
Telit Communications Plc |
Tel: +39 06 420 4601 |
Oozi Cats, CEO Yariv Dafna, CFO Michael Galai, VP Legal & General counsel |
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Astaire Securities Plc, Nomad & Broker Stuart Lane / Shane Gallwey / Katie Shelton |
Tel: +44 (0) 20 7492 4750 |
Related Shares:
TCM.L