24 Apr 2020 07:00
24 April 2020
Telit Communications PLC
Director Shareholdings
Telit Communications PLC ("Telit", AIM: TCM), announces that the following transactions have taken place:
On 23 April 2020, Telit was notified that on that same day:
· Simon Duffy, Chairman of the Board, bought 16,772 ordinary shares of 1 pence each ("Shares") at an average price of 119.1 pence per Share. Simon Duffy's resultant beneficial interest in Telit is 28,429 Shares representing 0.021% of the issued share capital of Telit.
· Scrase Duffy and Stirling Duffy, each a person closely associated with Simon Duffy, each bought 7,771 Shares at a price of 116.2 pence per Share. Scrase Duffy's resultant beneficial interest in Telit is 7,771 Shares, representing 0.0059% of the issued share capital of Telit. Stirling Duffy's resultant beneficial interest in Telit is 7,771 Shares, representing 0.0059% of the issued share capital of Telit.
· Yariv Dafna, Finance Director & President, bought 7,000 Shares at a price of 118 pence per Share. Yariv Dafna's resultant beneficial interest in Telit is 93,000 Shares, representing 0.07% of the issued share capital of Telit.
· Anthony Dixon, Non-Executive Director, bought 9,018 Shares at an average price of 116.5 pence per Share. Anthony Dixon's resultant beneficial interest in Telit is 9,018 Shares, representing 0.0068% of the issued share capital of Telit.
Enquiries
Telit Communications PLC Paolo Dal Pino, Chief Executive Officer Yariv Dafna, Finance Director & President | Tel: +44 203 289 3831 |
finnCap (Nomad and broker) Henrik Persson/Giles Rolls (corporate finance) Tim Redfern/Richard Chambers (ECM) |
Tel: +44 20 7220 0500 |
FinElk Robin Haddrill/Cornelia Schnepf | Tel: +44 20 7631 8618 |
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, platforms and virtual cellular IoT operator services, empowering hundreds of millions of connected 'things' to date, and trusted by thousands of direct and indirect customers, globally. With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end-to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling their pursuit of enterprise digital transformation.
# # #
Copyright © 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge 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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Simon Duffy | |
2. | Reason for the Notification | ||
a) | Position/status | Chairman of the Board | |
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
Identification code | ordinary shares of one pence each.
GB00B06GM726 | |
b) | Nature of the proposed transaction | Purchase of Shares | |
c) | Price(s) and volume(s) | Price(s) | Volumes(s) |
£1.22
£1.16 | 8,175
8,597 | ||
d) | Aggregated information: · Aggregated volume · Price |
16,772
£1.19 | |
e) | Date of the transaction | 23 April 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Scrase Duffy | |
2. | Reason for the Notification | ||
a) | Position/status | Person Closely Associated with Simon Duffy, Chairman of the Board | |
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
Identification code | ordinary shares of one pence each.
GB00B06GM726 | |
b) | Nature of the proposed transaction | Purchase of Shares | |
c) | Price(s) and volume(s) | Price(s) | Volumes(s) |
£1.16
| 7,771 | ||
d) | Aggregated information: · Aggregated volume · Price |
Same as above. | |
e) | Date of the transaction | 23 April 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Stirling Duffy | |
2. | Reason for the Notification | ||
a) | Position/status | Person Closely Associated with Simon Duffy, Chairman of the Board | |
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
Identification code | ordinary shares of one pence each.
GB00B06GM726 | |
b) | Nature of the proposed transaction | Purchase of Shares | |
c) | Price(s) and volume(s) | Price(s) | Volumes(s) |
£1.16
| 7,771 | ||
d) | Aggregated information: · Aggregated volume · Price |
Same as above. | |
e) | Date of the transaction | 23 April 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Yariv Dafna | |
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) | 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
Identification code | ordinary shares of one pence each.
GB00B06GM726 | |
b) | Nature of the proposed transaction | Purchase of Shares | |
c) | Price(s) and volume(s) | Price(s) | Volumes(s) |
£1.18
| 7,000 | ||
d) | Aggregated information: · Aggregated volume · Price |
Same as above. | |
e) | Date of the transaction | 23 April 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Anthony Dixon | |
2. | Reason for the Notification | ||
a) | Position/status | Non-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
Identification code | ordinary shares of one pence each.
GB00B06GM726 | |
b) | Nature of the proposed transaction | Purchase of Shares | |
c) | Price(s) and volume(s) | Price(s) | Volumes(s) |
£1.1629
£1.179
| 8,598
420 | ||
d) | Aggregated information: · Aggregated volume · Price |
9,018
£1.16 | |
e) | Date of the transaction | 23 April 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |