13 Sep 2016 07:00
13 September 2016
Telit Communications PLC
Director/PDMR Dealing
Telit Communications PLC ("the Company", AIM: TCM), announces that Mr. Oozi Cats, the Company's Chief Executive, acquired 100,000 ordinary shares of the Company at a price of 229 pence per share, as further detailed in the form below.
Following the transaction, Mr. Cats owns or is directly interested in 22,961,977 Ordinary Shares, representing 19.87% 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 | ||||
b) | Nature of the transaction | Acquisition of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction | ||||
e) | Date of the transaction | 12 September 2016 | ||||
f) | Place of the transaction | London Stock Exchange; AIM | ||||
For further information:
Telit Communications PLC Yosi Fait, Finance Director & President | Tel: +39 06 4204601 |
Canaccord Genuity Limited (Nominated Adviser and Joint Broker) Simon Bridges/Cameron Duncan | Tel: +44 20 7523 8000 |
Berenberg (Joint Broker) Chris Bowman/Ben Wright | Tel: +44 20 3465 2722 |
Instinctif Partners | Tel: +44 20 7457 2020 |
Adrian Duffield/Chantal Woolcock |