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Director/PDMR Shareholding

29th May 2012 14:14

RNS Number : 3365E
Telit Communications PLC
29 May 2012
 



TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Director's Shareholding

 

 

The Company was notified on 29 May 2012 that Oozi Cats, Chief Executive Officer of Telit, acquired 50,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") on Monday 28 May 2012 at a price of 51.0 pence per share.

 

Following this transaction, Mr Cats owns 3,480,357 Ordinary Shares in the Company representing approximately 3.38% of the Company. In addition, Mr. Cats is interested in 15,600,000 shares owned by Boostt B.V., in which he holds a 50% interest and in 1,250,000 shares owned by parties holding the other 50% of Boostt. In total, Mr Cats is now interested in 20,330,357 shares, or 19.77% of the issued share capital and total voting rights of the Company.

 

The issued share capital of Telit comprises 102,846,437 ordinary shares of 1 penny each, each with voting rights. There are no shares held in treasury.

 

 

Telit Communications PLC +39 06 420 4601

Oozi Cats, CEO - Oozicats@telit.com

Yosi Fait, Finance Director - Yosi.Fait@telit.com

Yariv Dafna, CFO - Yariv.Dafna@telit.com

Canaccord Genuity +44 20 7523 8000

Simon Bridges

Cameron Duncan

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