Telit Communications PLC Director/PDMR Shareholding (7288U)
July 16 2018 - 4:23AM
UK Regulatory
TIDMTCM
RNS Number : 7288U
Telit Communications PLC
16 July 2018
16 July 2018
Telit Communications PLC
Grant of Options
Telit Communications PLC ("Telit", "the Group", AIM: TCM), a
global enabler of the Internet of Things (IoT), announces that the
Remuneration Committee of the Board has today awarded a total of
4,785,000 options ("Options") over ordinary shares of 1p in the
Company ("Ordinary Shares") to certain board directors, senior
management and employees of the Company to incentivise and retain
these key individuals over the longer term.
Of the total award, Yosi Fait (CEO) and Yariv Dafna (Finance
Director) have each received 2,000,000 and 300,000 Options
respectively. Awards to senior management include Yossi Moscovitz
(President Products & Solutions), Eran Edri (CFO), Michael
Galai (CLO) and Carlos Perez (President Sales), each with 300,000,
250,000, 250,000 and 180,000 Options respectively. The Options have
an exercise price of 171p per share (being the higher of the
closing mid-market price on 13 July 2018 and the trailing 30 day
closing mid-market price average).
The options vest in four equal tranches of 25% each, on the 1st
to 4th anniversaries of the grant date. unexercised options expire
on the 5th anniversary of the grant date.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
Enquiries
Telit Communications PLC Tel: +44 203 289 3831
Yosi Fait, Chief Executive Officer
Yariv Dafna, Finance Director
Tel: +44 20 7220 0500
finnCap (Nomad and joint broker)
Henrik Persson/Giles Rolls (corporate finance)
Tim Redfern/Richard Chambers (corporate
broking)
Berenberg (Joint Broker) Tel: +44 20 3465 2722
Chris Bowman/Mark Whitmore/Ben Wright
Instinctif Partners Tel: +44 20 7457 2020
Adrian Duffield/Chantal Woolcock
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Yosi Fait
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ----------------------------------
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 Ordinary Shares of 1 pence each
Financial instrument,
type of instrument
Identification code GB00B06GM726
------------------------------- ----------------------------------
b) Nature of the transaction Grant of Options
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
171p 2,000,000
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 16 July 2018
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Yariv Dafna
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- ----------------------------------
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 Ordinary Shares of 1 pence each
Financial instrument,
type of instrument
Identification code GB00B06GM726
------------------------------- ----------------------------------
b) Nature of the transaction Grant of Options
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
171p 300,000
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 16 July 2018
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
5. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Yossi Moscovitz
------------------------------- ----------------------------------
6. Reason for the Notification
-------------------------------------------------------------------
a) Position/status PDMR
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
7. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Telit Communications Plc
------------------------------- ----------------------------------
b) LEI 213800FR4VJWKM1Z3836
------------------------------- ----------------------------------
8. 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 Ordinary Shares of 1 pence each
Financial instrument,
type of instrument
Identification code GB00B06GM726
------------------------------- ----------------------------------
b) Nature of the transaction Grant of Options
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
171p 300,000
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 16 July 2018
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Eran Edri
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status PDMR
------------------------------- ----------------------------------
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 Ordinary Shares of 1 pence each
Financial instrument,
type of instrument
Identification code GB00B06GM726
------------------------------- ----------------------------------
b) Nature of the transaction Grant of Options
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
171p 250,000
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 16 July 2018
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Galai
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status PDMR
------------------------------- ----------------------------------
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 Ordinary Shares of 1 pence each
Financial instrument,
type of instrument
Identification code GB00B06GM726
------------------------------- ----------------------------------
b) Nature of the transaction Grant of Options
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
171p 250,000
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 16 July 2018
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
5. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Carlos Perez
------------------------------- ----------------------------------
6. Reason for the Notification
-------------------------------------------------------------------
a) Position/status PDMR
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
7. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Telit Communications Plc
------------------------------- ----------------------------------
b) LEI 213800FR4VJWKM1Z3836
------------------------------- ----------------------------------
8. 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 Ordinary Shares of 1 pence each
Financial instrument,
type of instrument
Identification code GB00B06GM726
------------------------------- ----------------------------------
b) Nature of the transaction Grant of Options
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
171p 180,000
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 16 July 2018
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
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END
DSHGIGDRGDBBGIL
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