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RNS Number : 2437A
Telit Communications PLC
22 March 2017
 

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)

Price(s)

Volume(s)

316 pence

242

319 pence

10,000

 

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

 

 


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