Grant of options to Directors

11th Jul 2007 15:06

Telit Communications PLC11 July 2007 Telit Communications plc Grant of options to Directors Telit Communications plc (AIM: TCM), the global wireless communicationsdeveloper and distributor, announces that on 11 June 2007 its board of directorsapproved the granting of 700,000 options over ordinary shares in the capital ofthe Company ("Options") to Enrico Testa, a Non Executive Director and Chairmanof the board and 400,000 Options to Giovanni Stella, a Non Executive Director.The exercise price of the Options is 60 pence per share. 50% of the options areexercisable at any time from 10 July 2008 until 10 July 2012 and the remainderare exercisable at any time from 10 July 2009 until 10 July 2012. This information is provided by RNS The company news service from the London Stock Exchange

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