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4 Jul 2017 15:25
4 July 2017
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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 500,000 options over ordinary shares of the Company, with an exercise price of 206p, in a cashless manner.
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Mr. Fait sold the resulting 173,567 shares and an additional 315,000 ordinary shares - 488,567 ordinary shares in the aggregate - at a weighted average price of 310 pence per share, as further detailed in the form below.
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Following the transaction, Mr. Fait holds 1,000,000 options over the Company's shares.
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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 173,567. | ||||||||||||
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total | Â N/A - single transaction | ||||||||||||
e) | Date of the transaction | 28 June 2017 (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 | 28 June 2017 (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 | 3 July 2017 (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/Martin Davison | |
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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