Telit responds to press speculation over FCA investigation
Source - SMW
Telit Communications has confirmed that it is aware of press speculation regarding the Financial Conduct Authority (FCA) conducting an investigation into the Company.
Telit said it wrote to the FCA in August requesting the FCA look into various matters which were of concern.
Subsequently, the Company received a letter from the FCA in response and was informed that it is not under formal investigation.
The Company added that it will cooperate fully with the FCA with regard to its confidential enquiries and is currently addressing the matters which the FCA raised.
At 1:30pm: (LON:TCM) Telit Communications PLC share price was -8.75p at 164.75p