29th Sep 2016 17:45
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: | 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 thenotification obligation: | Senvest Management, LLC | |||
4. Full name of shareholder(s) (if different from 3.): | Senvest Master Fund, LP Senvest Israel Partners Master Fund, LP Senvest Global (KY), LP | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: | September 28, 2016 | |||
6. Date on which issuer notified: | September 29, 2016 | |||
7. Threshold(s) that is/are crossed orreached: | ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights | ||||||||||||
Direct | Direct | Indirect | Direct | Indirect | ||||||||||||
GB00B06GM726 | 5,819,512 | 5,819,512 | 4,999,067 | 4,999,067 | 4.33% | |||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate | Exercise/Conversion Period | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date | Exercise/Conversion period | Number of voting rights instrument refers to
| % of voting rights
| |||||||||||
| Nominal | Delta | ||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
4,999,067 | 4.33% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: | ||
Senvest Master Fund, LP - 3,725,974 / Shares, 3.22% of Outstanding Shares Senvest Israel Partners Master Fund, LP - 1,140,081 / Shares, 0.99% of Outstanding Shares Senvest Global (KY), LP - 133,012 / Shares, 0.12% of Outstanding Shares | ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | ||
14. Contact name: | Bobby Trahanas, Chief Compliance Officer | |
15. Contact telephone number: | 212.202.32050 | |
Related Shares:
TCM.L