Telit Communications PLC Response to press speculation (4153V)

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

END

RSPEAFFAESNXFFF

(END) Dow Jones Newswires

November 02, 2017 08:03 ET (12:03 GMT)