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Director's Dealing

2nd Jul 2014 18:21

RNS Number : 2915L
Telit Communications PLC
02 July 2014
 

TELIT COMMUNICATIONS PLC

("Telit" or the "Company")

 

Director's Dealing

 

The Company announces that it was informed today by Oozi Cats, its CEO and executive director, that Mariselia Ltd., a company in which Mr. Cats is the beneficial owner, has bought 100,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 215 pence per share and 720 Ordinary Shares at 210 pence per share. Following this acquisition, Mariselia now owns 311,620 shares.

 

Following these transactions, Mr. Cats owns or is directly interested in 22,511,977 Ordinary Shares, representing 19.8% of the issued share capital of the Company.

 

In addition, Telit announces an amendment further to its announcement on 19 May 2014 in relation to Mr. Enrico Testa's, the Company's chairman, holdings in the Company. Mr. Testa owns or is directly interested in 2,755,365 Ordinary Shares, instead of 2,255,400 Ordinary Shares, as a result of the 500,000 Ordinary Shares he is deemed interested in owned by Wireless Solution Management S.r.l,, representing 2.4% of the issued share capital of the Company.

 

For further information:

Telit Communications PLC

Tel: +39 06 4204 601

Oozi Cats, CEO

Yosi Fait, Finance Director

Michael Galai, Chief Legal Officer

Canaccord Genuity Limited

Nominated Adviser

Simon Bridges

Peter Stewart

Mo Mirza

Tel: +44 20 7523 8000

 

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