May 4 Telit Communications Plc:
* Proposed placing of up to 11,59 million new shares in
telit communications plc
* Intention to conduct a placing of up to 11,593,000 new
ordinary shares in company
* New shares represent 10.0% of telit's current outstanding
issued share capital.
* Has entered into a placing agreement with Berenberg and
Canaccord Genuity limited to act as joint bookrunners
* Following completion of transaction company has agreed to
a lock-up of 180 days.
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