Source - RNS
RNS Number : 2619L
Telit Communications PLC
29 September 2016
 


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:

Telit Communications PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights


Other (please specify):



3. Full name of person(s) subject to the
notification obligation:

Senvest Management, LLC

4. Full name of shareholder(s)
 (if different from 3.):

Senvest Master Fund, LP

Senvest Israel Partners Master Fund, LP

Senvest Global (KY), LP

5. Date of the transaction and date on
which the threshold is crossed or
reached:

September 28, 2016

6. Date on which issuer notified:

September 29, 2016

7. Threshold(s) that is/are crossed or
reached:

<5%



 

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B06GM726

 5,819,512         

5,819,512         

4,999,067         

 4,999,067         


4.33%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

 

% of voting rights

 





 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,999,067

4.33%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

 

Senvest Master Fund, LP - 3,725,974 / Shares, 3.22% of Outstanding Shares

Senvest Israel Partners Master Fund, LP - 1,140,081 / Shares, 0.99% of Outstanding Shares

Senvest Global (KY), LP - 133,012 / Shares, 0.12% of Outstanding Shares


Proxy Voting:

10. Name of the proxy holder:


11. Number of voting rights proxy holder will cease
to hold:


12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:



14. Contact name:

Bobby Trahanas, Chief Compliance Officer

15. Contact telephone number:

212.202.32050

 


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