Telit Communications PLC Director/PDMR Shareholding (0419D)
October 05 2018 - 2:00AM
UK Regulatory
TIDMTCM
RNS Number : 0419D
Telit Communications PLC
05 October 2018
5 October 2018
Telit Communications Plc
("Telit" or the "Company")
Director/PDMR Shareholding
On 4 October 2017, Telit issued to its senior, but not board,
executive tier and other key employees options over its ordinary
shares 1p each ("Ordinary Shares") and Restricted Stock Units
("RSUs") under the Telit 2015 Employee Share Plan (the "Plan"). On
4 October 2018, 540,000 of these RSUs automatically vested pursuant
to the terms of the RSUs, and accordingly on that date beneficial
ownership over these 540,000 ordinary shares of 1p each ("Ordinary
Shares") transferred to these employees. Of these employees, the
following have subsequently assumed the position of Director or
PDMR. Details of their dealings are disclosed below:
No. of RSUs Resultant % of the issued
vesting into Holding in share capital
Ordinary Shares the Company
----------------- ------------- ----------------
Yariv Dafna 3,000 33,000 0.03%
Yossi Moscovitz 3,000 353,000 0.27%
Eran Edri 3,000 3,000 -
Carlos Perez 3,000 3,000 -
Michael Galai 3,000 3,000 -
For enquiries:
Telit Communications PLC Tel: c/o Instinctif
Paolo Dal Pino, Executive Chairman Partners
finnCap (Nomad and Joint Broker) Tel: +44 20 7220
Henrik Persson/Giles Rolls (corporate finance) 0500
Berenberg (Joint Broker) Tel: +44 20 3465
Chris Bowman/Mark Whitmore 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 (c) 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 Yariv Dafna
Yossi Moscovitz
Eran Edri
Carlos Perez
Michael Galai
------------------------------- ---------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Director/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 Vesting of RSUs
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Yariv Dafna Price(s) Volume(s)
1p 3,000
----------
Yossi Moscovitz Price(s) Volume(s)
1p 3,000
----------
Eran Edri Price(s) Volume(s)
1p 3,000
----------
Carlos Perez Price(s) Volume(s)
1p 3,000
----------
Michael Galai Price(s) Volume(s)
1p 3,000
----------
------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume
See above
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 04 October 2018
------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ---------------------------------------
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END
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