9 Aug 2019 13:35
9 August 2019
Telit Communications Plc
("Telit" or the "Company")
Director/PDMR Shareholding
Telit Communications PLC ("Telit", "the Group", AIM: TCM), announces that the following transaction has taken place:
On 3 August 2015, Telit issued to Yariv Dafna, Finance Director and President, Restricted Stock Units ("RSUs") under the Telit 2015 Employee Share Plan (the "Plan"). Mr. Dafna was not a director at the time. On 4 August 2019, 25,000 of these RSUs automatically vested pursuant to the terms of the RSUs, and accordingly, on that date, beneficial ownership over these 25,000 ordinary shares of 1p each ("Shares") transferred.
Mr Dafna's resultant beneficial interest in the Company is 83,000 Shares representing 0.06% of the issued share capital of the Company.
For enquiries:
Telit Communications PLCYariv Dafna, Finance Director & President | Tel: +44 203 289 3831 |
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finnCap (Nomad and Broker) Henrik Persson/Giles Rolls (corporate finance)
| Tel: +44 20 7220 0500 |
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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 © 2019 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 | Yariv Dafna | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Executive Director | ||||
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 | RSUs over Ordinary Shares of 1 pence each | ||||
Identification code | GB00B06GM726 | |||||
b) | Nature of the transaction | Vesting of RSUs | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: ·; Aggregated volume ·; Price |
See above | ||||
e) | Date of the transaction | 4 August 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||