Telit Communications Share Discussion Threads

[timmy11] 07/1/2021 11:18

congratulations to the board

for not giving in and looking after share holders
this co is going places

[muchodinero] 07/1/2021 11:15

I think were going to get a really strong trading update.

[ny boy] 07/1/2021 11:15

Owenga, I bought your shares.well at 185p Happy to accumulate here, no urgency, stay patient and dyor as usual.

[owenski] 07/1/2021 11:13

Oozi says no, lol

[timmy11] 07/1/2021 11:12

d bay burnt fingers!!!

[timmy11] 07/1/2021 11:06

wouldn't be surprised at them giving a 10p special div

lets see

[chess123] 07/1/2021 11:01

Be interesting what Ublox say, and if they Decide to give up .The share price is holding up better than I thought it would.

[timmy11] 07/1/2021 10:48

seems they are very confident of the future

[owenga] 07/1/2021 10:48

I'm out at 187. I'll wait for the dust to settle and may buy back if it drops further.

[timmy11] 07/1/2021 10:46

Telit Communications Plc (LSE)
LSE:TCM



Telit Communications Share News (TCM)
4
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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
-1.50 -0.73% 204.50 204.00 205.00 204.50 200.00 201.50 126,472 09:53:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 296.0 45.1 27.1 7.7 270
Print
Alert
Telit Communications PLC Termination of u-blox discussions
07/01/2021 10:32am
UK Regulatory (RNS & others)

Telit Communications (LSE:TCM)
Intraday Stock Chart

Thursday 7 January 2021

Click Here for more Telit Communications Charts.
TIDMTCM TIDMTTM

RNS Number : 9195K

Telit Communications PLC

07 January 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

7 January 2021

Telit Communications PLC

Termination of u-blox discussions

On 20 November 2020, Telit Communications PLC ("Telit" or the "Company") announced that it had received a preliminary proposal from u-blox Holding AG, ("u-blox") regarding a possible all-share merger. On 17 December 2020, Telit reiterated that commercial discussions with u-blox were ongoing. Telit today confirms that it has written to u-blox to terminate these talks.

Telit has in recent months received a number of proposals, each of which has been previously announced, which the Board has explored with its advisers. The Board noted the potential industrial logic in a combination with u-blox that could create value for shareholders of both companies. However, following extensive discussions with u-blox, the Board does not now believe that it will be possible to reach agreement on terms which would ensure value creation for Telit's shareholders. Given that the Group is confident in its prospects, is well capitalized, and has a strong position in a growing market segment, the Board remains confident it can deliver growth in shareholder value as an independent entity. It does not consider that a protracted period of uncertainty and distraction is in the best interests of Telit or any of its stakeholders.

Telit looks forward to providing a fuller update on its financial performance on or before 21 January 2021 ahead of its final results in April 2021.

Telit is pleased to report that the swift actions taken by the Group at the beginning of the Covid-19 pandemic successfully protected the Group's financial performance for the full year 2020 against the slowdown in customer demand and enabled it to fully maintain its strategic and operational plans, without the need for further action.

The person responsible for arranging the release of this announcement on behalf of Telit is Eyal Shefer (Chief Financial Officer).

Regulatory information: for the purposes of the Code the Company remains in an offer period and, notwithstanding this announcement, in accordance with Rule 2.6(a) of the Code, u-blox must, by no later than 5.00 p.m. on 18 January 2021, either announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for the Company, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

For enquiries:

[timmy11] 07/1/2021 10:45

of course news
they rejected u box

[w1lbur01] 07/1/2021 10:45

We terminated talks rns 10 minutes ago

[chess123] 07/1/2021 10:44

Cheers Timmy.

[w1lbur01] 07/1/2021 10:35

Termination

[tony_penny] 07/1/2021 07:48

this is getting interesting now

[weatherman] 06/1/2021 21:43

hxxps://www.betaville.co.uk/betaville-intelligence/rare-alert-lantronix-said-to/

[chris2020] 06/1/2021 19:29

Checkout betaville at 240pm today; citing latronix now teaming up with PE at a 220p offer; and new price range for ublox offer at 250 - 300p with special divi from existing TCM cash

[chess123] 06/1/2021 16:09

Looks like Rns could be coming.

[muchodinero] 06/1/2021 15:52

Whoops got too exited..typo...should be 275/285p...lol

[muchodinero] 06/1/2021 15:51

Leaky leaky today....375/385p coming?....made up of shares and cash dividend I wonder?..something is going on in the background I feel...

[timmy11] 06/1/2021 15:21

one trade of 200k

[chess123] 06/1/2021 15:02

owenga: I had been thinking early January as ublox results next week, they could want deal before then. Sp hasn't moved much recently so big rise, also Telit will have to release statement if they think news has leaked out, as the regulators will be asking questions. be interesting to see what happens at 1630pm.

[owenga] 06/1/2021 14:58

Let's hope we hear something soon!

[chess123] 06/1/2021 14:55

Just jumped up 6p was down 2p , Ublox was flying earlier , me think something leaked maybe another offer , or agreed terms for takeover.

[owenga] 06/1/2021 14:51

Something leaked?