24 Oct 2018 07:00
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.
For enquiries:
Telit Communications PLCPaolo Dal Pino, Executive Chairman Yariv Dafna, Finance Director | Tel: c/o Instinctif Partners |
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finnCap (Nomad and Joint Broker) Henrik Persson/Giles Rolls (corporate finance)
| Tel: +44 20 7220 0500 |
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Berenberg (Joint Broker) Chris Bowman/Mark Whitmore | Tel: +44 20 3465 2722 |
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Instinctif Partners | Tel: +44 20 7457 2020 |
Adrian Duffield/Chantal Woolcock |
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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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Copyright © 2018 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | P.C.G.S. Holding S.C.A. | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Persons Closely Associated with Paolo Dal Pino, Executive Chairman | ||||
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 |
See above | ||||
e) | Date of the transaction | 22 October and 23 October 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||