Telit Communications PLC Holding(s) in Company (3271B)
January 09 2018 - 3:14AM
UK Regulatory
TIDMTCM
RNS Number : 3271B
Telit Communications PLC
09 January 2018
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
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An event changing the breakdown of voting rights
------------------------------------------------------------------------------------- -------------
Other (please specify)(iii) :
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3. Details of person subject to the notification obligation(iv)
Name Ibex Investors LLC (formerly
Lazarus Management Company
LLC)
City and country of registered Denver, CO, USA
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
----------------------------------------------------------------------------------------------------
Name Ibex Israel Fund LLLP
Ibex Microcap Fund LLLP
Ibex Driverless Fund LP
------------------------------------------------- -------------------------------------------------
City and country of registered Wilmington, DE, USA
office (if applicable) Wilmington, DE, USA
Dover, DE, USA
------------------------------------------------- -------------------------------------------------
5. Date on which the threshold 03/01/2018
was crossed or reached(vi)
:
------------------------------------------------- -------------------------------------------------
6. Date on which issuer notified 05/01/2018
(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 6.05% 6.05% 130,691,291
---------------------- ------------------------- ---------------- ---------------- -------------
Position
of previous
notification
(if
applicable) 5.14% 5.14%
---------------------- ------------------------- ---------------- ---------------- -------------
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 7,901,176 6.05%
---------------------- --------------------- -------------- ------------------------------ ---------------
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)
Ibex Investors LLC is the investment adviser of
the investment funds listed below. The total disclosable
holding for Ibex Investors LLC is 7,901,176 shares
(6.05% 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
------------------ ----------------- ------------------------ ---------------------
Ibex Israel
Fund LLLP 5.26%
------------------ ----------------- ------------------------ ---------------------
Ibex Microcap
Fund LLLP 0.31%
------------------ ----------------- ------------------------ ---------------------
Ibex Driverless
Fund LP 0.47%
------------------ ----------------- ------------------------ ---------------------
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 130,691,291
--------------------------------------------------------------------------------------
Place of completion Denver, CO, USA
-------------------- ----------------
Date of completion 04/01/2018
-------------------- ----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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