16 Jan 2019 14:48
16 January 2019
Telit Communications Plc
("Telit" or the "Company")
Director/PDMR Shareholding
On 16 July 2018, Telit issued to Shiri Miller, Compliance Officer and Company Secretary, Restricted Stock Units ("RSUs") under the Telit 2015 Employee Share Plan (the "Plan"). On 16 January 2019, 10,000 of these RSUs automatically vested pursuant to the terms of the RSUs, and accordingly, on that date, beneficial ownership over these 10,000 ordinary shares of 1p each ("Ordinary Shares") transferred. To cover tax obligations arising on the vesting of the RSUs, 3,011 Ordinary Shares were immediately sold at an average price of 127 pence per share. Since the date of grant Shiri Miller has subsequently assumed the position of PDMR. Details of the dealings are disclosed below:
| No. of RSUs vesting into Ordinary Shares | No. of Ordinary Shares sold on vesting of RSUs | Resultant Holding in the Company | % of the issued share capital |
Shiri Miller | 10,000 | 3,011 | 20,459 | 0.02% |
For enquiries:
Telit Communications PLCPaolo Dal Pino, Executive Chairman | Tel: c/o Instinctif Partners |
finnCap (Nomad and Joint Broker) Henrik Persson/Giles Rolls (corporate finance)
| 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 |
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 | Shiri Miller | ||||||||
2. | Reason for the Notification | |||||||||
a) | Position/status | PDMR | ||||||||
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 transactions | Vesting of RSUs and sale of Ordinary Shares | ||||||||
c) | Price(s) and volume(s)
| Vesting of RSUs
Sale of Ordinary Shares
| ||||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||||
e) | Date of the transaction | 16 January 2019 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||||