18th May 2007 16:53
Telit Communications PLC18 May 2007 Press Release 18 May 2007 Telit Communications plc ("Telit" or "the Company") Grant of Share Options to Director Telit Communications plc (AIM: TCM), the global wireless communicationsdeveloper and distributor, announces that on 2 April 2007 its remunerationcommittee approved the granting of 925,000 options over ordinary shares in thecapital of the Company to Oozi Cats, a Director and Chief Executive of theCompany. The exercise price of the options is 43 pence per share. The closingprice of the Company's shares on the date of the grant was 38.5 pence. 50% ofthe options are exercisable at any time from 1 January 2008 until 2 April 2012and the remainder is exercisable at any time from 1 January 2009 until 2 April2012. In addition to the share options above, Oozi Cats is interested in 14,700,357 ofTelit's issued voting shares, representing 34% of the issued voting shares ofthe Company. - Ends - For further information: Telit Communications plc Tel: 00 39 040 419 2491Oozi Cats, Chief Executive www.telit.com Seymour PierceSarah Wharry, Corporate Finance Tel: +44 (0) 20 7107 8000 www.seymourpierce.com Media enquiries: AbchurchChris Lane / Joanne Shears Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TCM.L