TCM Telit Communications Plc

TIDMTCM

RNS Number : 6119G

Telit Communications PLC

05 March 2018

Telit Communications PLC

Two further non executive directors appointed

London, 5 March 2018 -- Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has appointed Miriam Greenwood OBE DL and Shlomo (Momo) Liran as non-executive directors with immediate effect. Miriam will also Chair the Group's Remuneration committee.

Miriam is a qualified barrister who has spent more than 30 years working for a number of leading banks and financial institutions. With four partners she established SPARK Advisory Partners six years ago, as an independent corporate advisory business. She is a non-executive director of SMS plc, Mithras Investment Trust PLC and Eclipse Shipping Limited.

Shlomo has been Chief Executive of numerous businesses, most notably Ericsson Israel and the Swedish and Danish mobile operator TRE. He is currently an independent director of NASDAQ-listed microwave-based telecommunication equipment, Ceragon Networks and an external (independent) director of Tel Aviv-listed infrastructure and civil-works business, Minrav Holdings.

The Group intends to hold its annual general meeting in May 2018, and expects that the following directors will be proposed for re-election such that the Board would be comprised of five non-executive (one of which would be the Chairman) and two executive directors: Yariv Dafna, Simon Duffy, Yosi Fait, Miriam Greenwood, Richard Kilsby, Shlomo Liran and Lars Reger.

Richard Kilsby, Chairman of Telit, commented:

"These appointments complete the Board's transformation and enhance its capabilities with Miriam's financial markets and Shlomo's telecoms expertise.

"As I stated in November last year, we are committed to applying the highest standards of corporate governance and transparency across the Group and ensuring the reporting and controls are appropriate for this very complex business."

Enquiries:

 
Telit Communications PLC                 Tel: c/o Instinctif Partners 
 Richard Kilsby, non executive 
 Chairman 
                                                Tel: +44 20 7220 0500 
  finnCap (Nomad and joint broker) 
  Henrik Persson/Giles Rolls (corporate 
  finance) 
  Tim Redfern/Richard Chambers 
  (corporate broking) 
 
Berenberg (Joint Broker)                        Tel: +44 20 3465 2722 
 Chris Bowman/Mark Whitmore/Ben 
 Wright 
 
Instinctif Partners                             Tel: +44 20 7457 2077 
Adrian Duffield/Chantal Woolcock 
 

Additional Information

In accordance with the AIM Rules, the following information required to be disclosed in relation to Miriam Greenwood and Shlomo Liran is set out below. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules.

Full name and age

Miriam Valerie Greenwood, aged 63

Current beneficial shareholding in the Group

0%

Current Directorships

 
 Eclipse Shipping Limited 
 Eclipse II Shipping (UK) Limited 
 Kean Street Management Company Limited 
 Mithras Investment Trust PLC 
 Spark Advisory Partners Limited 
 Spark APH Limited 
 SMS PLC 
 
 

Former Directorships (previous five years)

 
 Henderson Global Trust PLC 
 Offshore Renewable Energy Catapult 
 Ore Catapult Glasgow Limited 
 

Full name and age

Shlomo Liran (previously Zalsman), aged 66

Current beneficial shareholding in the Group

0%

Current Directorships

 
 Ceragon Networks Ltd 
 MINRAV Ltd 
 Vidoo 
 
 

Former Directorships (previous five years)

 
 - 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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