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RNS Number : 7544K

Telit Communications PLC

18 December 2018

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

Telit Communications PLC

FCA investigation

London, 18 December 2018 - The Financial Conduct Authority (the "FCA") has notified Telit Communications PLC ("Telit", AIM: TCM) that it has expanded the scope of the ongoing investigation announced on 27 March 2018 to consider the accuracy of earlier announcements by Telit, including its trading update of 25 April 2017 and with regard to the placing, which was announced on 4 May 2017 and completed on 5 May 2017.

The Board of directors of Telit has changed entirely since the events in question.

Telit has cooperated fully with the FCA in its enquiries to date and will continue to do so.

Enquiries:

 
Telit Communications PLC                        Tel: +44 203 289 
 Paolo Dal Pino, Executive Chairman                         3831 
Yariv Dafna, Finance Director 
 
finnCap (Nomad and joint broker)                Tel: +44 20 7220 
                                                            0500 
Henrik Persson/Giles Rolls (corporate finance) 
Tim Redfern/Richard Chambers (corporate 
 broking) 
 
Berenberg (Joint Broker)                        Tel: +44 20 3465 
                                                            2722 
Chris Bowman/Mark Whitmore 
 
Instinctif Partners                             Tel: +44 20 7457 
                                                            2077 
Adrian Duffield/Chantal Woolcock

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments - including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.

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Copyright (c) 2018 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

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