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Telit Communications - FCA Investigation Complete

RNS Number : 3249P
Telit Communications PLC
09 June 2020
 

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

 

Telit Communications PLC

 

FCA Investigation Complete

 

London, 9 June 2020 - Telit Communications PLC ("Telit", AIM: TCM), a global enabler of the Internet of Things (IoT), is pleased to announce that the Financial Conduct Authority (the "FCA") has formally notified Telit that it has completed its investigation into Telit and has decided not to take enforcement action.    

 

Simon Duffy, Chairman of Telit, commented: "We are very pleased that this matter has now been resolved. The composition of the Board has changed completely since the events that were the subject of the FCA's investigation and Telit's corporate governance has improved significantly." 

 

 

Enquiries:

 

Telit Communications PLC
Paolo Dal Pino, Chief Executive Officer

Yariv Dafna, Finance Director & President

Tel: +44 203 289 3831

 

 

finnCap (Nomad and Broker)

Henrik Persson/Giles Rolls/Hannah Boros (corporate finance)

Tim Redfern / Richard Chambers (ECM)

Tel: +44 20 7220 0500

 

 

FinElk

Tel: +44 20 7631 8618

Robin Haddrill/ Cornelia Schnepf

 

 

 

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, platforms and virtual cellular IoT operator services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally. With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end- to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling their pursuit of enterprise digital transformation.

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Copyright © 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Telit Communications PLC

Price: 131

Market: AIM
Market Cap: £174.27 m
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