December 2, 2015 – Telit Communications PLC (AIM: TCM) (“Telit” or “the Company”), a global enabler of the Internet of the Things (IoT), announces that further to the passing by its shareholders of a special resolution at the Company’s general meeting, held today on 2 December 2015, the Company is authorised to make market purchases of its own ordinary shares (limited to up to 10 per cent of the Company’s issued ordinary share capital). Such general authority takes effect from the close of the general meeting held on 2 December 2015 and will expire at the conclusion of the Company’s next Annual General Meeting or 15 months from the passing of the resolution, whichever is the earlier.
For further information:
Telit Communications PLC
Oozi Cats, CEO
Yosi Fait, President & Finance Director
Tel: +39 06 4204601
Canaccord Genuity Limited
(Nominated Adviser and Joint Broker)
Simon Bridges
Cameron Duncan
Mark Whitmore
Tel: +44 20 7523 8000
Berenberg
(Joint Broker)
Chris Bowman
Martin Kochhan
Tel: +44 20 3465 2722
Instinctif Partners
Adrian Duffield
Kay Larsen
Chantal Woolcock
Tel: +44 20 7457 2020