16th Apr 2014 17:45
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Grant of options
The Company announces that it has today, 16 April 2014, granted options over a total of 500,000 Ordinary Shares of 1 pence each to Mr. Yosi Fait, its Finance Director and Deputy CEO, under the Telit Communications Plc 2008 Share Option Plan. The options will vest and be exercisable in three equal instalments, at an exercise price of 206 pence, on each of 16 April 2015, 16 April 2016, and 16 April 2017. They are not subject to any performance conditions and will expire, unless exercised, on 16 April 2019.
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 |
Related Shares:
TCM.L