TCM.L Regulatory News (TCM)

24 October 2018

Telit Communications Plc

 ("Telit" or the "Company")

PDMR / PCA Dealing

Telit Communications PLC ("Telit", "the Group", AIM: TCM), announces that P.C.G.S. Holding S.C.A., an investment company owned by Paolo Dal Pino, Executive Chairman of Telit, and his wife (which is managed independently of Mr Dal Pino and his wife) yesterday notified Telit that it has bought a total of 200,000 ordinary shares of 1p each ("Ordinary Shares") at an average price of 165.39 pence per share on 22 and 23 October 2018. Mr Dal Pino's resultant beneficial interest in the Company is 540,000 Ordinary Shares representing 0.41% of the issued share capital of the Company.

Furthermore, Telit clarifies that further to its announcement of 17 October 2018, the current beneficial holding of Yariv Dafna, Finance Director of Telit, is 58,000 Ordinary Shares and not 55,000 Ordinary Shares as previously disclosed.

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About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments - including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.

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