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Director/PDMR Shareholding

24 Oct 2018 07:00

RNS Number : 9607E
Telit Communications PLC
24 October 2018
 

24 October 2018

Telit Communications Plc

 ("Telit" or the "Company")

 

PDMR / PCA Dealing

 

 

Telit Communications PLC ("Telit", "the Group", AIM: TCM), announces that P.C.G.S. Holding S.C.A., an investment company owned by Paolo Dal Pino, Executive Chairman of Telit, and his wife (which is managed independently of Mr Dal Pino and his wife) yesterday notified Telit that it has bought a total of 200,000 ordinary shares of 1p each ("Ordinary Shares") at an average price of 165.39 pence per share on 22 and 23 October 2018. Mr Dal Pino's resultant beneficial interest in the Company is 540,000 Ordinary Shares representing 0.41% of the issued share capital of the Company.

 

Furthermore, Telit clarifies that further to its announcement of 17 October 2018, the current beneficial holding of Yariv Dafna, Finance Director of Telit, is 58,000 Ordinary Shares and not 55,000 Ordinary Shares as previously disclosed.

 

 

For enquiries:

 

Telit Communications PLCPaolo Dal Pino, Executive Chairman

Yariv Dafna, Finance Director

Tel: c/o Instinctif Partners

 

 

finnCap (Nomad and Joint Broker)

Henrik Persson/Giles Rolls (corporate finance)

 

Tel: +44 20 7220 0500

 

 

Berenberg (Joint Broker)

Chris Bowman/Mark Whitmore

Tel: +44 20 3465 2722

 

 

Instinctif Partners

Tel: +44 20 7457 2020

Adrian Duffield/Chantal Woolcock

 

 

 

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.

# # #

 

Copyright © 2018 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

P.C.G.S. Holding S.C.A.

2.

Reason for the Notification

a)

Position/status

Persons Closely Associated with Paolo Dal Pino, Executive Chairman

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

Ordinary Shares of 1 pence each

Identification code

GB00B06GM726

b)

Nature of the transaction

Acquisition of shares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

165.39p

200,000

 

d)

Aggregated information:

· Aggregated volume

· Price

 

 

See above

e)

Date of the transaction

22 October and 23 October 2018

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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