May 4 (Reuters) - 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. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)