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12 Aug 2016 07:00
12 August 2016
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Telit Communications PLC
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Director's Dealing
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Telit Communications PLC ("Telit", "the Company", AIM: TCM), announces that Mr. Yosi Fait, the Company's President and Finance Director, exercised options over ordinary shares of the Company and sold the resulting 632,998 shares, at a weighted average price of 267.55 pence per share, as further detailed in the form below.
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Following the transaction, Mr. Fait holds 1,500,000 options over the Company's shares and owns or is directly interested in 315,000 Ordinary Shares, representing 0.27% of the issued share capital of the Company.
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1. | Details of PDMR / person closely associated with them ("PCA") | |||||||||
a) | Name | Yosi Fait | ||||||||
2. | Reason for the notification | |||||||||
a) | Position / status | Finance Director, President  | ||||||||
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 | Options over ordinary shares | ||||||||
b) | Nature of the transaction | Cashless exercise of options | ||||||||
c) | Price(s) and volume(s) |
 The options were exercised on a cashless basis. Actual number of resulting shares, which were subsequently and immediately sold, was 632,998. | ||||||||
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Â N/A - single transaction | ||||||||
e) | Date of the transaction | 10 August 2016 (UK) | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
5. | 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 Identification code | Ordinary shares of 1 pence each ("Ordinary Shares") Â ISIN number GB00B06GM726 | ||||||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
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e) | Date of the transaction | 9 August 2016 (UK) | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
6. | 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 Identification code | Ordinary shares of 1 pence each ("Ordinary Shares") Â ISIN number GB00B06GM726 | ||||||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
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e) | Date of the transaction | 10 August 2016 (UK) | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
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For further information:
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Telit Communications PLC | Tel: +39 06 4204601 |
Yosi Fait, Finance Director & President | |
Canaccord Genuity Limited (Nominated Adviser) | Tel: +44 20 7523 8000 |
Simon Bridges/ Cameron Duncan | |
Instinctif Partners | Tel: +44 20 7457 2020 |
Adrian Duffield/Chantal Woolcock | |
Berenberg (Joint Broker) | Tel: +44 20 3465 2722 |
Chris Bowman/Ben Wright | |
Instinctif Partners | |
Adrian Duffield/Chantal Woolcock | Tel: +44 20 7457 2020 |
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