22 Mar 2017 16:25
22 March 2017
TELIT COMMUNICATIONS PLC
("Telit" or the "Company")
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Director's Dealing
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Telit Communications PLC ("the Company", AIM: TCM), announces that Mr. Oozi Cats, the Company's Chief Executive, acquired 10,242 ordinary shares of the Company at a a weighted average price of 319 pence per share, as further detailed in the form below.
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Following the transaction, Mr. Cats owns or is directly interested in 22,972,219Â Ordinary Shares, representing 19.83% 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 | Oozi Cats | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Chief Executive  | ||||||
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 | Ordinary Shares of 1 Pence Each | ||||||
b) | Nature of the transaction | Acquisition of Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total |   10,242 318.7 pence  32,644.72 | ||||||
e) | Date of the transaction | 22 March 2017 | ||||||
f) | Place of the transaction | London Stock Exchange; AIM | ||||||
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Enquiries:
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Telit Communications PLC | Tel: +39 06 4204601 |
Yosi Fait, Finance Director & President | Â |
Canaccord Genuity Limited (Nominated Adviser) | Tel: +44 20 7523 8000 |
Simon Bridges/Martin Davison | Â |
Berenberg (Joint Broker) | Tel: +44 20 3465 2722 |
Chris Bowman/Ben Wright | Â |
Instinctif Partners | Â |
Adrian Duffield/Chantal Woolcock | Tel: +44 20 7457 2020 |
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