8th Aug 2017 08:22
8 August 2017
Telit Communications PLC
Director Dealing
Telit Communications PLC (AIM: TCM, "Telit", the "Group"), announces that Mr. Oozi Cats, the Company's Chief Executive, has yesterday purchased 400,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), at a weighted average price of 171.87 pence per Ordinary Share, as further detailed in the form below.
Following the transaction, Mr. Cats owns or is directly interested in 16,733,470 Ordinary Shares, representing 12.89% of the shares which hold voting rights in the Company.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Oozi Cats | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
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) | LEI | 213800FR4VJWKM1Z3836 | ||||
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, type of instrument | Ordinary Shares of 1 pence each | ||||
Identification code | GB00B06GM726 | |||||
b) | Nature of the transaction | Acquisition of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
400,000 ordinary shares of 1 pence each purchased at a weighted average of 171.87 pence per ordinary share | ||||
e) | Date of the transaction | 07 August 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Enquiries:
Telit Communications PLCYosi Fait, Finance Director & President
| Tel: +44 203 289 3831 |
finnCap (Nomad and Joint Broker) Stuart Andrews/Henrik Persson/Giles Rolls/Alex Price (corporate finance) Tim Redfern/Richard Chambers (corporate broking) | Tel: +44 20 7220 0500 |
Berenberg (Joint Broker) Chris Bowman/Mark Whitmore | Tel: +44 20 3465 2722 |
Instinctif Partners | Tel: +44 20 7457 2020 |
Adrian Duffield/Chantal Woolcock |
Related Shares:
TCM.L