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TCM Telit Communications Plc

229.00
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telit Communications Plc LSE:TCM London Ordinary Share GB00B06GM726 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 229.00 229.00 229.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Telit Communications PLC Appeal filed by Italian tax authorities rejected (2960J)

27/06/2017 11:05am

UK Regulatory


Telit Communications (LSE:TCM)
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RNS Number : 2960J

Telit Communications PLC

27 June 2017

27 June 2017

Telit Communications PLC

Appeal filed by Italian tax authorities rejected by appeals court

Telit Communications PLC (AIM: TCM, "Telit", "the Group"), announces that, further to the announcements made on 5 December 2014 and 14 December 2015, the Italian tax authorities' appeal against annulling three VAT assessments for Telit Communications SpA ("Telit Italy"), has been rejected.

In December 2014, the Italian tax authorities issued three VAT assessments. Telit Italy filed appeals against these VAT assessments with the first level tax court. The appeals were upheld by the tax court in December 2015 and the assessments were therefore annulled.

The Italian tax authorities subsequently filed an appeal against the tax court's decision to uphold Telit Italy's appeal, which has now been rejected as well.

For further information:

 
Telit Communications PLC                  Tel: +39 06 4204601 
 Oozi Cats, CEO 
 Yosi Fait, Finance Director & President 
 
Canaccord Genuity Limited (Nominated      Tel: +44 20 7523 
 Adviser and Joint Broker)                 8000 
 Simon Bridges/Martin Davison 
 
Berenberg (Joint Broker)                  Tel: +44 20 3465 
 Chris Bowman/Ben Wright                   2722 
 
Instinctif Partners                       Tel: +44 20 7457 
 Adrian Duffield/Chantal Woolcock          2020 
 

About Telit

Telit, is the 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, 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGUBAQUPMUBM

(END) Dow Jones Newswires

June 27, 2017 06:05 ET (10:05 GMT)

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