22nd Mar 2017 16:25
22 March 2017
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
Director's Dealing
Telit Communications PLC ("the Company", AIM: TCM), announces that Mr. Oozi Cats, the Company's Chief Executive, acquired 10,242 ordinary shares of the Company at a a weighted average price of 319 pence per share, as further detailed in the form below.
Following the transaction, Mr. Cats owns or is directly interested in 22,972,219 Ordinary Shares, representing 19.83% 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 of 1 Pence Each | ||||||
b) | Nature of the transaction | Acquisition of Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
10,242 318.7 pence
32,644.72 | ||||||
e) | Date of the transaction | 22 March 2017 | ||||||
f) | Place of the transaction | London Stock Exchange; AIM | ||||||
Enquiries:
Telit Communications PLC | Tel: +39 06 4204601 |
Yosi Fait, Finance Director & President |
|
Canaccord Genuity Limited (Nominated Adviser) | Tel: +44 20 7523 8000 |
Simon Bridges/Martin Davison |
|
Berenberg (Joint Broker) | Tel: +44 20 3465 2722 |
Chris Bowman/Ben Wright |
|
Instinctif Partners |
|
Adrian Duffield/Chantal Woolcock | Tel: +44 20 7457 2020 |
Related Shares:
TCM.L