Telit Communications PLC Holding(s) in Company (9511O)
August 24 2017 - 12:33PM
UK Regulatory
TIDMTCM
RNS Number : 9511O
Telit Communications PLC
24 August 2017
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer and to the FCA in Microsoft Word format if possible)(i)
----------------------------------------------------------------------------------------------------
1a. Identity of the issuer Telit Communications PLC
or the underlying issuer
of existing shares to which
voting rights are attached(ii)
:
------------------------------------------------- -------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if appropriate)
----------------------------------------------------------------------------------------------------
Non-UK issuer
------------------------------------------------------------------------------------- -------------
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
----------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
------------------------------------------------------------------------------------- -------------
An acquisition or disposal of financial instruments
------------------------------------------------------------------------------------- -------------
An event changing the breakdown of voting rights
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Other (please specify)(iii) :
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3. Details of person subject to the notification obligation(iv)
Name Lazarus Management Company
LLC
City and country of registered
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
----------------------------------------------------------------------------------------------------
Name Lazarus Investment Partners
LLLP
Lazarus Israel Opportunities
Fund LLLP
Lazarus Israel Opportunities
Fund II LLLP
Lazarus Israel Opportunities
Fund Offshore Ltd.
Ibex Driverless Fund LP
------------------------------------------------- -------------------------------------------------
City and country of registered
office (if applicable)
------------------------------------------------- -------------------------------------------------
5. Date on which the threshold 21/08/2017
was crossed or reached(vi)
:
------------------------------------------------- -------------------------------------------------
6. Date on which issuer notified 23/08/2017
(DD/MM/YYYY):
------------------------------------------------- -------------------------------------------------
7. Total positions of person(s) subject to the notification
obligation
----------------------------------------------------------------------------------------------------
% of voting % of voting Total of Total number
rights attached rights through both in % of voting
to shares financial (8.A + 8.B) rights of
(total of instruments issuer(vii)
8. A) (total of
8.B 1 + 8.B
2)
---------------------- ------------------------- ---------------- ---------------- -------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 5.14% 129,815,845
---------------------- ------------------------- ---------------- ---------------- -------------
Position
of previous
notification
(if
applicable) 4.60%
---------------------- ------------------------- ---------------- ---------------- -------------
8. Notified details of the resulting situation on the
date on which the threshold was crossed or reached(viii)
--------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
--------------------------------------------------------------------------------------------------------------
Class/type Number of voting rights(ix) % of voting rights
of
shares
ISIN code
(if possible)
----------------------
Direct Indirect Direct Indirect
(Art 9 of (Art 10 of (Art 9 of (Art 10 of
Directive Directive Directive Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
--------------------- --------------------- -------------- ------------------------------ ---------------
GB00B06GM726 6,667,173 5.14%
---------------------- --------------------- -------------- ------------------------------ ---------------
SUBTOTAL 8.
A
---------------------- ------------------------------------- -----------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a)
of Directive 2004/109/EC (DTR5.3.1.1 (a))
--------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion rights that rights
Period(xi) may be acquired
if the instrument
is
exercised/converted.
---------------------- -------------------- --------------- ------------------------------ ---------------
SUBTOTAL 8.
B 1
------------------------------------ ------------------------------ ---------------
B 2: Financial Instruments with similar economic effect
according to Art. 13(1)(b) of Directive 2004/109/EC
(DTR5.3.1.1 (b))
--------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical Number % of voting
financial date(x) Conversion or cash of voting rights
instrument Period settlement(xii) rights
(xi)
--------------------- --------------------- --------------- ----------------- ----------- ---------------
SUBTOTAL
8.B.2
----------------- ----------- ---------------
9. Information in relation to the person subject to
the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is
not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying)
issuer(xiii)
Full chain of controlled undertakings through which
the voting rights and/or the
financial instruments are effectively held starting
with the ultimate controlling natural person or
legal entity(xiv) (please add additional rows as
necessary)
Lazarus Management Company LLC is the investment
adviser of the investment funds listed below. The
total disclosable holding for Lazarus Management
Company LLC is 6,667,173 shares (5.14% of voting
rights).
--------------------------------------------------------------- ---------------------
Name(xv) % of voting % of voting Total of both
rights if it rights through if it equals
equals or is financial instruments or is higher
higher than if it equals than the notifiable
the notifiable or is higher threshold
threshold than the notifiable
threshold
-------------------- ---------------- ----------------------- ---------------------
Lazarus Israel
Opportunities
Fund LLLP 1.97%
-------------------- ---------------- ----------------------- ---------------------
Lazarus Investment
Partners LLLP 0.32%
-------------------- ---------------- ----------------------- ---------------------
Lazarus Israel
Opportunities
Fund II LLLP 2.60%
-------------------- ---------------- ----------------------- ---------------------
Lazarus Israel
Opportunities
Fund
Offshore Ltd. 0.22%
-------------------- ---------------- ----------------------- ---------------------
Ibex Driverless
Fund LP 0.04%
-------------------- ---------------- ----------------------- ---------------------
10. In case of proxy voting, please identify:
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Name of the proxy holder
-------------------------------------- ----------------------------------------------
The number and % of voting
rights held
-------------------------------------- ----------------------------------------------
The date until which the
voting rights will be held
-------------------------------------- ----------------------------------------------
11. Additional information(xvi)
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This disclosure has been calculated based on an issued
share capital of 129,815,845.
--------------------------------------------------------------------------------------
Place of completion
--------------------
Date of completion
--------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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