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Grant of Options

7th Apr 2011 15:13

RNS Number : 5251E
Telit Communications PLC
07 April 2011
 



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

 

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