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Telit Communications (TCM)

Telit Communications

Statement regarding Chief Executive Officer
RNS Number : 4900N
Telit Communications PLC
09 August 2017
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

9 August 2017

 

Telit Communications PLC

 

Statement regarding Chief Executive Officer

 

Telit Communications PLC (AIM: TCM, "Telit", the "Group"), a global enabler of the Internet of Things (IoT), notes speculation regarding historical indictments in the United States of America of Telit's Chief Executive Officer, Oozi Cats, in respect of matters which are unrelated to Telit and significantly pre-date its establishment.

 

The Board of Telit has appointed independent solicitors to conduct a thorough review of this matter. Pending the outcome of this review, the Board have agreed to Mr. Cats' request for a leave of absence from the company. Yosi Fait, Finance Director and President, will serve as interim Chief Executive Officer during this time.

 

Further updates will be made as soon as possible.

 

 

Enquiries:

 

Telit Communications PLC
Yosi Fait, Finance Director & President

Tel:  +44 203 289 3831



finnCap (Nomad and joint broker)

Stuart Andrews/ Henrik Persson / Alex Price (corporate finance)

Tim Redfern / Richard Chambers (corporate broking)

Tel: +44 20 7220 0500



Berenberg (Joint Broker)

Chris Bowman / Mark Whitmore

Tel: +44 20 3465 2722



Instinctif Partners

Tel: +44 20 7457 2020

Adrian Duffield / Tim Linacre / Chantal Woolcock




Slate Campaigns

Tel: +44 20 3126 4979

Jonathan Hawker


jh@slatecampaigns.com


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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