FCA broadens Telit Communications probe

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FCA broadens Telit Communications probe
Master Investor Magazine 44 cover

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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.

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