Source - RNS
RNS Number : 6172J
Telit Communications PLC
13 September 2016
 

13 September 2016

 

Telit Communications PLC

 

Director/PDMR Dealing

 

Telit Communications PLC ("the Company", AIM: TCM), announces that Mr. Oozi Cats, the Company's Chief Executive, acquired 100,000 ordinary shares of the Company at a price of 229 pence per share, as further detailed in the form below.

 

Following the transaction, Mr. Cats owns or is directly interested in 22,961,977 Ordinary Shares, representing 19.87% of the issued share capital of the Company.

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Oozi Cats

2.

Reason for the notification

a)

Position / status

Chief Executive

 

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Telit Communications PLC

b)

Legal Entity Identifier

n/a

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares

b)

Nature of the transaction

Acquisition of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

229 pence

100,000

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

-     Aggregated total

 

N/A - single transaction

e)

Date of the transaction

12 September 2016

f)

Place of the transaction

London Stock Exchange; AIM

 

For further information:

 

Telit Communications PLC

Yosi Fait, Finance Director & President

Tel: +39 06 4204601



Canaccord Genuity Limited (Nominated Adviser and Joint Broker)

Simon Bridges/Cameron Duncan

Tel: +44 20 7523 8000



Berenberg (Joint Broker)

Chris Bowman/Ben Wright

Tel: +44 20 3465 2722



Instinctif Partners

Tel: +44 20 7457 2020

Adrian Duffield/Chantal Woolcock


 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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