Proactiveinvestors United Kingdom Telit Communications PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Telit Communications PLC RSS feed en Wed, 19 Jun 2019 20:46:28 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190606122559_14101682/ Thu, 06 Jun 2019 12:25:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190606122559_14101682/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190529143117_14091193/ Wed, 29 May 2019 14:31:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190529143117_14091193/ <![CDATA[RNS press release - Paolo Dal Pino appointed Chief Executive Officer ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190522070006_14082720/ Wed, 22 May 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190522070006_14082720/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190515155425_14075458/ Wed, 15 May 2019 15:54:25 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190515155425_14075458/ <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190513070004_14070626/ Mon, 13 May 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190513070004_14070626/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190508153211_14067004/ Wed, 08 May 2019 15:32:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190508153211_14067004/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190508105826_14066569/ Wed, 08 May 2019 10:58:26 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190508105826_14066569/ <![CDATA[News - Telit Communications settles Italian VAT dispute ]]> https://www.proactiveinvestors.co.uk/companies/news/219851/telit-communications-settles-italian-vat-dispute-219851.html Telit Communications PLC (LON:TCM) has settled its VAT dispute with the Italian authorities for the 2004-2007 tax years.

Telit's Italian subsidiary will pay €400,000 to close the matter without any admission of liability.

The internet of things specialist added it continues vigorously to defend its position on €5mln tax penalty deeds separately issued against the company in August 2015.

Telit has been advised that its position in this matter remains strong, it said in today's statement.

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Wed, 08 May 2019 07:41:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219851/telit-communications-settles-italian-vat-dispute-219851.html
<![CDATA[RNS press release - Update on Italian VAT Assessment ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190508070004_14065655/ Wed, 08 May 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190508070004_14065655/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190507162344_14065336/ Tue, 07 May 2019 16:23:44 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190507162344_14065336/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190503094619_14062421/ Fri, 03 May 2019 09:46:19 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190503094619_14062421/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190502070005_14060234/ Thu, 02 May 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190502070005_14060234/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190426134759_14053953/ Fri, 26 Apr 2019 13:47:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190426134759_14053953/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190418081933_14046114/ Thu, 18 Apr 2019 08:19:33 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190418081933_14046114/ <![CDATA[News - Telit Communications in confident mood as margins stabilise ]]> https://www.proactiveinvestors.co.uk/companies/news/218664/telit-communications-in-confident-mood-as-margins-stabilise-218664.html Telit Communications PLC (LON:TCM) said it returned to cash profit in the second half of 2018.

The Internet of Things (IoT) enabler has undergone a root and branch transformation in the last couple of years and made “significant financial progress” in 2018, according to the company's executive chairman Paolo Dal Pino.

READ Telit expects top-end revenues for 2018

Revenue rose 14% to US$427.5mln from US$374.5mln the year before.

Revenue from the group's cloud and connectivity offerings surged 23.1% to US$34.1mln from US$27.7mln in 2017.

The loss before tax narrowed markedly to US$39.8mln from US$56.8mln.

What the company calls “profit in cash” - defined as adjusted underlying earnings (EBITDA) less R&D capitalisation less capital expenditures – was negative at US$3.6mln in 2018 but that represents a significant improvement over the US$27.0mln loss in cash during 2017, and as previously observed, the group moved to a positive profit in cash position in the second half of the year.

The other thing that turned around in the second half of the year was the group's gross margin.

For 2018 as a whole, the gross margin eased to 32.6% from 35.1% in 2017 but represented an improvement on a gross margin of 31.5% in the second half of 2017.

Net debt at the end of 2018 stood at US$34.0mln, compared with net debt a year earlier of US$30.2mln.

“We delivered double digit revenue growth, saw a major improvement in the cash generation and stabilising gross margins – returning to cash profit in H2-2018,” said Dal Pino.

"We also further rationalised our operational structure, better integrated our products and services and reshaped the IoT Platform organisation. The recent sale of the automotive division also frees up considerable internal resources and provides significant cash inflow.

"We are well positioned to exploit the growth opportunities in the fast growing and dynamic IoT market. With improved operational structure, we expect our financial performance to significantly improve as our revenue grows, and we see the benefits of a reduced cost base, strong balance sheet and stabilising gross margins," the executive chairman concluded.

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Tue, 16 Apr 2019 08:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218664/telit-communications-in-confident-mood-as-margins-stabilise-218664.html
<![CDATA[RNS press release - Year end results ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190416070013_14042090/ Tue, 16 Apr 2019 07:00:13 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190416070013_14042090/ <![CDATA[RNS press release - Vendor Loan repaid ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190415102226_14041110/ Mon, 15 Apr 2019 10:22:26 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190415102226_14041110/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190411070015_14036894/ Thu, 11 Apr 2019 07:00:15 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190411070015_14036894/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190401070007_14022485/ Mon, 01 Apr 2019 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190401070007_14022485/ <![CDATA[News - Telit reaches settlement over BAMES dispute ]]> https://www.proactiveinvestors.co.uk/companies/news/216815/telit-reaches-settlement-over-bames-dispute-216815.html Telit Communications PLC (LON:TCM) said it has reached a settlement with the administrators of Bartolini After Market Electronic Services (BAMES) in regard to the liquidation of the latter.

In an announcement issued late afternoon Tuesday, the internet of things (IoT) products provider said it would pay €840,000 plus €21,000 in legal costs without any admission of liability and against a waiver from the administrators of BAMES of all claims against Telit.

READ: Telit says it is blameless in respect of BAMES's demise

BAMES entered into several agreements with Telit and its Italian subsidiaries between 2007 and 2010.

In 2013, BAMES went into liquidation and some three years later Telit became aware of a criminal investigation against a number of parties with respect to BAMES's insolvency, including Telit's former chief executive officer.

This was followed by a civil claim against Telit in July 2018 by BAMES’ administrators in regard to Telit’s involvement in the firm.

In early trading Wednesday, Telit shares were down 1.5% at 137p.

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Wed, 20 Mar 2019 08:14:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216815/telit-reaches-settlement-over-bames-dispute-216815.html
<![CDATA[RNS press release - BAMES settlement agreement ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190319160527_14007974/ Tue, 19 Mar 2019 16:05:27 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190319160527_14007974/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190313143940_14001149/ Wed, 13 Mar 2019 14:39:40 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190313143940_14001149/ <![CDATA[News - Telit expects top-end revenues for 2018 ]]> https://www.proactiveinvestors.co.uk/companies/news/215632/telit-expects-top-end-revenues-for-2018-215632.html Telit Communications PLC (LON:TCM) is a technology company specialising in the Internet of Things (IoT), the connection of different devices across the web that allows them to exchange data.

It’s the same technology that lets you control the heating from your phone or turn the lights on and off using Alexa, however Telit’s focus is on using the technology to help businesses.

The company’s products, which vary from physical technology modules all the way to consulting services to help companies use IoT, cover a wide range of sectors including healthcare, retail, security, and energy, as well as the development of smart buildings and even smart cities.

Inflexion points

• In February 2019, Telit completed the sale of its Automotive Solutions arm to Chinese firm TUS International in a US$105mln deal that allowed the company to clear its bank debts

• In an update in January, the company said that revenue for the year just ended would be at the top end of its guidance range at around US$427mln, up from US$374.5mln the year before

• In October 2018 the company inked a deal with China Unicom, the Chinese state-owned telecoms operator and the world’s fourth largest mobile service provider, to supply its deviceWISE IoT platform. At the time Telit’s executive chairman Paolo Dal Pinon said the deal was “a key development” in expanding its share of the fast-growing Chinese market

What the broker says

In a note on 28 February 2019, the company’s corporate broker finnCap said the sale of the automotive business to TUS had recapitalised the business and removed “less profitable operations”.

The analysts added that with the US$106mln in cash from the sale, the company would have a net cash position of around US$60mln with the shares having an enterprise value (EV) of just US$160mln.

With finnCap forecasting underlying earnings (EBITDA) of over US$40mln, this given Telit an EV/EBITDA multiple of 4.0x, which analysts said was “extremely cheap given the underlying market opportunity in the exciting IoT markets”.

The broker also has Telit’s stock pegged with a target price of 200p, a 47% premium to its 136p close price on 28 February 2019.

With shares trading at around 137.4p as of 1 March 2019, Telit carries a market cap of £179mln.

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Fri, 01 Mar 2019 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215632/telit-expects-top-end-revenues-for-2018-215632.html
<![CDATA[News - Telit completes US$105mln sale of its automotive solutions business allowing it to clear its bank debt ]]> https://www.proactiveinvestors.co.uk/companies/news/215412/telit-completes-us105mln-sale-of-its-automotive-solutions-business-allowing-it-to-clear-its-bank-debt-215412.html Telit Communications PLC (LON:TCM) shares rose on Wednesday as the firm completed the sale of Telit Automotive Solutions NV to TUS for a total consideration of US$105mln allowing it to clear its bank debt.

The AIM-listed global enabler of the Internet of Things (IoT) said it has received US$67.5mln in cash, including US$1mln on account of the cash and working capital position of the disposed business, and has granted TUS a short-term vendor loan of US$38.5mln.

READ: Telit Communications grants short extension to buyer of its automotive unit

It pointed out that TUS has acquired Telit Belgium and its wholly-owned subsidiaries in France, Germany, Korea and Israel, a business which represents less than 20% of Telit's revenue. The assets and approximately 120 employees, who support the automotive business across global R&D and sales offices, will transfer with the sale.

Telit said TUS proposes to repay the vendor loan in full upon completion of certain bank financing that is currently in the final stages of being negotiated, and is obliged to repay it within six weeks of the completion date.

The company said the cash proceeds have been used to repay in full the group's bank debt and strengthen its cash position.

Paolo Dal Pino, executive chairman of Telit, commented: "This transaction is an important milestone in executing our strategy and it frees up considerable internal resources and provides significant cash inflow. The temporary Vendor Loan arrangement has enabled us to immediately complete this transaction.”

He added: "We now have the financial flexibility and the resources to accelerate the integration of our hardware products and IoT services and can focus on enhancing value for our customers and shareholders."

In early afternoon trading, Telit shares were 8.2% higher at 129.10p. 

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Wed, 27 Feb 2019 12:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215412/telit-completes-us105mln-sale-of-its-automotive-solutions-business-allowing-it-to-clear-its-bank-debt-215412.html
<![CDATA[RNS press release - Automotive division sale completed ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190227113757_13983807/ Wed, 27 Feb 2019 11:37:57 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190227113757_13983807/ <![CDATA[News - Telit says buyer of its automotive division expects to be in a position to complete transaction shortly ]]> https://www.proactiveinvestors.co.uk/companies/news/215065/telit-says-buyer-of-its-automotive-division-expects-to-be-in-a-position-to-complete-transaction-shortly-215065.html Telit Communications PLC (LON:TCM) rose on Thursday after the group said it expects the buyer of its automotive division, TUS International Limited to be in a position to complete the transaction shortly.

The global enabler of the Internet of Things (IoT), pointed out that, prior to completion, the buyer has indicated to Telit that it is required to (i) take certain administrative steps to comply with banking regulations in China and (ii) formalise financing arrangements for a part of the overall consideration.

READ: Telit up as IoT firm agrees to sale of automotive division for US$105mln

The AIM-listed group said the buyer has indicated it expects to satisfy these steps in the coming days.

It added: “The buyer has taken steps to provide the Board with comfort that it will be in a position to proceed to completion including having provided evidence of the availability of funds that remain subject to formal regulatory approval.”

Telit said on 27 December 2018, the timetable for the US$105mln cash acquisition of its automotive division by TUS was that it was expected to complete by 31 January 2019.

Initially, the transaction, announced at the end of July, was expected to complete by the end of 2018.

In afternoon trading on Thursday, Telit shares were 4.6% higher at 123.50p. Based on last night’s closing price, Telit’s market capitalisation was £154.94mln.

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Thu, 21 Feb 2019 14:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215065/telit-says-buyer-of-its-automotive-division-expects-to-be-in-a-position-to-complete-transaction-shortly-215065.html
<![CDATA[RNS press release - Update on Automotive deal ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190221143403_13977640/ Thu, 21 Feb 2019 14:34:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190221143403_13977640/ <![CDATA[RNS press release - Update: Automotive deal ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190220151041_13976140/ Wed, 20 Feb 2019 15:10:41 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190220151041_13976140/ <![CDATA[RNS press release - Block Listing Return ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190201090001_13955151/ Fri, 01 Feb 2019 09:00:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190201090001_13955151/ <![CDATA[News - Telit Communications grants short extension to buyer of its automotive unit ]]> https://www.proactiveinvestors.co.uk/companies/news/213784/telit-communications-grants-short-extension-to-buyer-of-its-automotive-unit-213784.html Technology group Telit Communications Plc (LON:TCM) said it has granted the Chinese buyer of its automotive division a short extension to complete the US$105mln deal.

TUS International Limited has received shareholder approval for both the transaction and the fundraising required to fund the purchase. Work is currently taking place to secure debt TUS component.

READ: Telit confirms US$105mln acquisition of its automotive division by TUS International expected to complete by 31 January 2019

Completion is now scheduled for February 20.   

TUS president Sean Shen said: "We expect to finalise the outstanding items and reach completion of the transaction shortly."

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Fri, 01 Feb 2019 07:35:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213784/telit-communications-grants-short-extension-to-buyer-of-its-automotive-unit-213784.html
<![CDATA[RNS press release - Update on sale of automotive division ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190201070003_13954540/ Fri, 01 Feb 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190201070003_13954540/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190116144816_13937060/ Wed, 16 Jan 2019 14:48:16 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190116144816_13937060/ <![CDATA[News - Telit's 2018 revenue to be at top end of range ]]> https://www.proactiveinvestors.co.uk/companies/news/212558/telit-s-2018-revenue-to-be-at-top-end-of-range-212558.html Internet of Things enabler Telit Communications PLC (LON:TCM) said revenue for the year just ended will be at the top end of its guidance range.

The company, on the comeback trail after a turbulent 18 months or so, said it expects to report revenue for 2018 of around US$427mln, up from US$374.5mln the year before.

READ Telit confirms acquisition of its automotive division is expected to complete by 31 January 2019

The revenue growth of 14% was driven by a 21% increase in Cloud and connectivity revenues to US$33.5mln from US$27.7mln in 2017.

The group said underlying earnings, or EBITDA, are expected to be in line with previous guidance, falling somewhere in the range of US$30mln to US$35mln (2017:US$18.1mln).

Net debt at the end of 2018 was around US$34.5mln, compared to net debt a year earlier of US$30.2mln.

Join us January 17 for the Enabling Technologies for Smart Internet of Things webinar and learn about #IoTEdge technology and connectivity options with @GSMA. Register here: https://t.co/btny8qBWQg #smartIoT pic.twitter.com/5lykCC2R15

— Telit (@telit) January 14, 2019

"Over the last few months, we have significantly strengthened the Group's infrastructure and delivered double-digit revenue growth and improved profitability for the year just finished,” said Paolo Dal Pino, the executive chairman of Telit.

"We are seeing promise of growth across markets and expect to improve further our financial performance in 2019; based on continued revenue growth, gross margin control and, where possible, improving upon the $10 million of additional cost savings previously announced."

In a note to clients, analysts at broker finnCap pointed out: “Although H2 delivered profit in cash, the company finished the year with net debt rising from $30.2mln to $34.5mln.”

They added: “This debt should be expunged by the sale of the Automotive business to TUS International in H1. The buyer is currently raising money through a placing to complete the purchase at the end of this month. Once this is confirmed, the business should be strongly positioned for recovery.”

finnCap has a 200p target price on Telit shares, with the stock currently trading at 128.70p, down 2.2% on Monday’s close.

 -- Adds analyst comment, share price --

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Tue, 15 Jan 2019 07:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212558/telit-s-2018-revenue-to-be-at-top-end-of-range-212558.html
<![CDATA[RNS press release - Year end trading update ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190115070006_13934364/ Tue, 15 Jan 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20190115070006_13934364/ <![CDATA[News - Telit confirms US$105mln acquisition of its automotive division by TUS International expected to complete by 31 January 2019 ]]> https://www.proactiveinvestors.co.uk/companies/news/211741/telit-confirms-us105mln-acquisition-of-its-automotive-division-by-tus-international-expected-to-complete-by-31-january-2019-211741.html Telit Communications PLC (LON:TCM) has confirmed that the timetable for the US$105mln acquisition of its automotive division by TUS International Limited remains that the transaction is expected to complete by 31 January 2019.

In a statement, the global enabler of the Internet of Things (IoT) said that TUS shareholder approval is expected to be obtained on 29 January 2019.

READ: Telit Co mmunic ations updates on automotive sale; finds further cost savings and is bullish on the outlook

The AIM-listed group also said the internal reorganisation of its automotive division, on which the sale is also conditional, is substantially complete and will be finished before the completion date.

The transaction announced at the end of July, was expected to complete by the end of 2018

On December 11 Telit had said it was working on the "smooth and fast" transfer of the automotive business to TUS and added that it had found a further US$10mln of cost savings.

 

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Thu, 27 Dec 2018 07:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211741/telit-confirms-us105mln-acquisition-of-its-automotive-division-by-tus-international-expected-to-complete-by-31-january-2019-211741.html
<![CDATA[RNS press release - Update on sale of automotive division ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181227070009_13915784/ Thu, 27 Dec 2018 07:00:09 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181227070009_13915784/ <![CDATA[News - Telit says FCA has expanded the scope of its investigation ]]> https://www.proactiveinvestors.co.uk/companies/news/211373/telit-says-fca-has-expanded-the-scope-of-its-investigation-211373.html The Financial Conduct Authority (FCA) has expanded the scope of its investigation into the timeliness of stock market announcements by Telit Communications Plc (LON:TCM).

The FCA had announced in March of this year it would examine the industrial Internet of Things company’s announcement of certain matters included in its interim results on 7 August 2017; it has now indicated it will consider the accuracy of earlier announcements by Telit, including its trading update of 25 April 2017 and the announcement of a placing of shares, which was announced on 4 May 2017.

READ Telit Communications confirms FCA investigation into timeliness of reporting

Telit said it has cooperated fully with the FCA in its enquiries to date and noted that all of the events being looked into by the City watchdog took place when Telit had a completely different set of directors.

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Tue, 18 Dec 2018 07:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211373/telit-says-fca-has-expanded-the-scope-of-its-investigation-211373.html
<![CDATA[RNS press release - FCA investigation ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181218070007_13907060/ Tue, 18 Dec 2018 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181218070007_13907060/ <![CDATA[News - Telit Communications updates on automotive sale; finds further cost savings and is bullish on the outlook ]]> https://www.proactiveinvestors.co.uk/companies/news/210930/telit-communications-updates-on-automotive-sale-finds-further-cost-savings-and-is-bullish-on-the-outlook-210930.html Tue, 11 Dec 2018 07:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210930/telit-communications-updates-on-automotive-sale-finds-further-cost-savings-and-is-bullish-on-the-outlook-210930.html <![CDATA[RNS press release - Update:sale of automotive, trading & 2019 outlook ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181211070014_13898714/ Tue, 11 Dec 2018 07:00:14 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181211070014_13898714/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181106100435_13856563/ Tue, 06 Nov 2018 10:04:35 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181106100435_13856563/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181106085831_13856456/ Tue, 06 Nov 2018 08:58:31 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181106085831_13856456/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181105154633_13855573/ Mon, 05 Nov 2018 15:46:33 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181105154633_13855573/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181101070003_13850398/ Thu, 01 Nov 2018 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181101070003_13850398/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181031132904_13849784/ Wed, 31 Oct 2018 13:29:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181031132904_13849784/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181026070003_13843305/ Fri, 26 Oct 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181026070003_13843305/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181024070003_13839880/ Wed, 24 Oct 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181024070003_13839880/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181018093601_13833795/ Thu, 18 Oct 2018 09:36:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181018093601_13833795/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181017175741_13833001/ Wed, 17 Oct 2018 17:57:41 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181017175741_13833001/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181017144259_13832725/ Wed, 17 Oct 2018 14:42:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/994/LSE20181017144259_13832725/