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RNS Number : 4538T
Telit Communications PLC
05 January 2017
 

 


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

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 the
notification obligation:
iii

The Goldman Sachs Group, Inc.

4. Full name of shareholder(s)
 (if different from 3.):iv

Goldman Sachs International

Goldman Sachs Asset Management, L.P.

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

02 January 2017

6. Date on which issuer notified:

04 January 2017

7. Threshold(s) that is/are crossed or
reached:
vi, vii

Above 6%



 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

 

 

GB00B06GM726

Below 3%

Below 3%



852,272


0.74%



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

Stock Loan (Physical)

Open


442,085

0.38%

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Refer to annexure




5,868,560


5.07%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,162,917

6.19%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

-----------------The Goldman Sachs Group, Inc.; 7,162,917 shares; 6.19%

 

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 7,160,157 shares; 6.19%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 7,160,157 shares; 6.19%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 7,160,157 shares; 6.19%

 

GSAM Holdings LLC (Controlled by The Goldman Sachs Group, Inc.)

Goldman Sachs Asset Management, L.P. (Controlled by GSAM Holdings LLC)

 


Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A



13. Additional information:

Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

 

General email contact:

shareholderdisclosures@gs.com

 

14. Contact name:

Joanna Foley

15. Contact telephone number:


+44 207 051 9996

 

 

 

 

 

Annexure A

Attached to notification of voting rights given in fulfilment of the obligations imposed by the FCA in accordance with DTR5 (including section 5.8.1). by The Goldman Sachs Group, Inc. dated 09 May 2016 for itself and its subsidiaries in relation to ITV plc

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

CFD


14-Nov-2025


432,141


0.37%

CFD


28-Jan-2026


337,964


0.29%

CFD


11-Feb-2026


2,053,991


1.78%

CFD


25-Mar-2026


276,620


0.24%

CFD


30-Sep-2026


102,750


0.09%

CFD


2-Oct-2026


107,537


0.09%

SWAP


18-Oct-2017


2,400


0.002%

SWAP


18-Oct-2017


3,400


0.003%

SWAP


18-Oct-2017


12,100


0.01%

SWAP


18-Oct-2017


17,600


0.02%

SWAP


18-Oct-2017


4,100


0.004%

SWAP


18-Oct-2017


6,100


0.01%

CFD


7-Oct-2026


56,956


0.05%

SWAP


17-Nov-2017


1,900


0.002%

SWAP


17-Nov-2017


2,800


0.002%

SWAP


17-Nov-2017


1,700


0.001%

SWAP


17-Nov-2017


2,500


0.002%

SWAP


17-Nov-2017


1,400


0.001%

SWAP


17-Nov-2017


2,000


0.002%

SWAP


17-Nov-2017


1,500


0.001%

SWAP


17-Nov-2017


2,200


0.002%

SWAP


17-Nov-2017


1,000


0.001%

SWAP


17-Nov-2017


1,600


0.001%

CFD


25-Nov-2026


2,325,488


2.01%

CFD


29-Dec-2017


8,745


0.01%

CFD


29-Dec-2017


24,123


0.02%

CFD


29-Dec-2017


34,190


0.03%

CFD


29-Dec-2017


43,756


0.04%

Total Number of voting rights and percentage of voting rights

5,868,560


5.07%








Additional information: Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

 


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