FCA broadens Telit Communications probe

0 mins. to read
FCA broadens Telit Communications probe
Master Investor Magazine 44 cover

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed machine communications firm Telit Communications (LON:TCM) has seen its share price drop by 5.37% to 125p (as of 15:35 GMT) after the Financial Conduct Authority widened its investigation into the company’s activities. The FCA had previously announced it was investigating the timeliness of certain announcements but is now also looking at the share placement that was completed on 5th May 2017.

The entire board of Telit has been replaced since the events in question took place.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *