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Exercise of Options

21st Oct 2010 07:00

RNS Number : 7460U
Telit Communications PLC
21 October 2010
 



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

[email protected]

Yariv Dafna, CFO

[email protected]

Michael Galai, VP Legal & General counsel

[email protected]

Astaire Securities Plc, Nomad & Broker

Stuart Lane / Shane Gallwey / Katie Shelton

Tel: +44 (0) 20 7492 4750

 

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