7th Apr 2011 15:13
7 April 2011
Telit Communications plc ("Telit")
Grant of Options
Options awards
The Remuneration Committee of the Board announces that, on 6 April 2011, options were granted to a director and certain employees and consultants of the Company at an exercise price of 81p per share (being 1p below the average closing price of the Company's shares during the period from 7 March 2011 to 6 April 2011). The options have a vesting schedule whereby one third will vest on each anniversary of the grant.
The following director was granted options under the terms described above:
Yariv Dafna: 100,000 options
Enquiries:
Andrea Mandel-Mantello Tel: 020 7832 3505
Chairman of the Remuneration Committee
Related Shares:
TCM.L