Source - RNS
RNS Number : 9430L
Telit Communications PLC
06 October 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:

Allianz Global Investors GmbH

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

N/A

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

4 October 2016

6. Date on which issuer notified:

6 October 2016

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

Above 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

Below 5%

Below 5%

0

0

5,839,508

0

5.05


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

N/A

N/A

N/A

N/A

N/A


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

 

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A


Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,839,508

5.05



 

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

 

 


Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A



13. Additional information:

 

Regarding section 8 above:

 

The notified holdings have to be indicated as either "direct holdings" or "indirect holdings".

Allianz Global Investors GmbH is a German investment management company. Its core business is the establishment and portfolio management of investment funds domiciled in Germany and Luxembourg, but also e.g. in Italy and France. Allianz Global Investors GmbH is entitled to execute the voting rights by proxy (since the foundation of the funds). Additionally, Allianz Global Investors GmbH is mandated in several cases to manage individual asset portfolios for clients on a contractual basis; under such contracts Allianz Global Investors GmbH is entitled to execute the voting rights of shares held in such asset portfolios.

 

For the purpose of section 8 of this TR-1 Form we have considered holdings in investment funds which do not have a legal personality, but are mere pools of assets, for which Allianz Global Investors GmbH acts in its own name, but for the account of the fund, as direct holdings.  The units of such investment funds are jointly owned by their investors, but the funds are legally represented by Allianz Global Investors GmbH as the funds' investment manager.

 

Holdings in funds managed by Allianz Global Investors GmbH which are legal persons of their own (e.g. Luxembourgish SICAV) as well as holdings in above-mentioned portfolio mandates (including fund mandates, under which Allianz Global Investors GmbH is the portfolio manager of funds established by other investment companies) we considered as indirect holdings with respect to the fact that the proxy was granted on a contractual basis.



14. Contact name:

Darren Wickert

15. Contact telephone number:

+44 (0) 20 3246 7125

 


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