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Director Dealing

8 Aug 2017 08:22

RNS Number : 3791N
Telit Communications PLC
08 August 2017
 

8 August 2017

 

Telit Communications PLC

 

Director Dealing

 

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.

 

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.

 

 

 

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)

Price(s)

Volume(s)

183.75p

160p

200,000

200,000

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)

 

 

 

Enquiries:

 

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: +44 20 3465 2722

Instinctif Partners

Tel: +44 20 7457 2020

Adrian Duffield/Chantal Woolcock

 

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