8 Aug 2017 08:22
8 August 2017
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Telit Communications PLC
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Director Dealing
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Telit Communications PLC (AIM: TCM, "Telit", the "Group"), announces that Mr. Oozi Cats, the Company's Chief Executive, has yesterday purchased 400,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), at a weighted average price of 171.87 pence per Ordinary Share, as further detailed in the form below.
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Following the transaction, Mr. Cats owns or is directly interested in 16,733,470 Ordinary Shares, representing 12.89% of the shares which hold voting rights in the Company.
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1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Oozi Cats | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
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) | LEI | 213800FR4VJWKM1Z3836 | ||||
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, type of instrument | Ordinary Shares of 1 pence each | ||||
Identification code | GB00B06GM726 | |||||
b) | Nature of the transaction | Acquisition of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |  400,000 ordinary shares of 1 pence each purchased at a weighted average of 171.87 pence per ordinary share | ||||
e) | Date of the transaction | 07 August 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
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Enquiries:
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Telit Communications PLCYosi Fait, Finance Director & President  | Tel: +44 203 289 3831 |
finnCap (Nomad and Joint Broker) Stuart Andrews/Henrik Persson/Giles Rolls/Alex Price (corporate finance) Tim Redfern/Richard Chambers (corporate broking) | Tel: +44 20 7220 0500 |
Berenberg (Joint Broker) Chris Bowman/Mark Whitmore | Tel: +44Â 20 3465 2722 |
Instinctif Partners | Tel: +44 20 7457 2020 |
Adrian Duffield/Chantal Woolcock |
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