Telit Communications PLC Response to press speculation (4153V)
November 02 2017 - 7:03AM
UK Regulatory
TIDMTCM
RNS Number : 4153V
Telit Communications PLC
02 November 2017
Telit Communications PLC
Response to press speculation
London, 2 November 2017 - Telit Communications PLC ("Telit",
"the Company", AIM: TCM), a global enabler of the Internet of
Things (IoT), is aware of press speculation that the Financial
Conduct Authority (FCA) is conducting an investigation into the
Company.
Telit wrote to the FCA in August requesting the FCA look into
various matters which were of concern to Telit. Subsequently, Telit
received a letter from the FCA in response and raising preliminary
enquiries. Telit has been informed by the FCA that it is not under
formal investigation.
Telit will cooperate fully with the FCA with regard to its
confidential enquiries and is currently addressing the matters
which the FCA raised.
Enquiries:
Telit Communications PLC Tel: +44 203
Michael Galai, General Council 289 3831
Tel: +44 20
finnCap (Nomad and joint broker) 7220 0500
Henrik Persson/Giles Rolls
(corporate finance)
Tim Redfern/Richard Chambers
(corporate broking)
Berenberg (Joint Broker) Tel: +44 20
Chris Bowman/Mark Whitmore/Ben 3465 2722
Wright
Instinctif Partners Tel: +44 20
7457 2020
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.
# # #
Copyright (c) 2017 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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