Telit Communications PLC Director/PDMR Shareholding (5990I)

TIDMTCM

RNS Number : 5990I

Telit Communications PLC

09 August 2019

9 August 2019

Telit Communications Plc

("Telit" or the "Company")

Director/PDMR Shareholding

Telit Communications PLC ("Telit", "the Group", AIM: TCM), announces that the following transaction has taken place:

On 3 August 2015, Telit issued to Yariv Dafna, Finance Director and President, Restricted Stock Units ("RSUs") under the Telit 2015 Employee Share Plan (the "Plan"). Mr. Dafna was not a director at the time. On 4 August 2019, 25,000 of these RSUs automatically vested pursuant to the terms of the RSUs, and accordingly, on that date, beneficial ownership over these 25,000 ordinary shares of 1p each ("Shares") transferred.

Mr Dafna's resultant beneficial interest in the Company is 83,000 Shares representing 0.06% of the issued share capital of the Company.

For enquiries:

 
Telit Communications PLC                         Tel: +44 203 289 
 Yariv Dafna, Finance Director & President        3831 
 
finnCap (Nomad and Broker)                       Tel: +44 20 7220 
 Henrik Persson/Giles Rolls (corporate finance)   0500 
 
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) 2019 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 
                -------------------------------  ------------------------------------- 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------- 
 a)              Position/status                  Executive 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               RSUs over Ordinary Shares of 1 pence 
                  Financial instrument,            each 
                  type of instrument 
                 Identification code              GB00B06GM726 
                -------------------------------  ------------------------------------- 
 b)              Nature of the transaction        Vesting of RSUs 
                -------------------------------  ------------------------------------- 
 c)              Price(s) and volume(s)             Price(s)    Volume(s) 
                                                     GBP0.01     25,000 
                                                                ---------- 
                -------------------------------  ------------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume 
                                                    See above 
 
                   *    Price 
                -------------------------------  ------------------------------------- 
 e)              Date of the transaction          4 August 2019 
                -------------------------------  ------------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  -------------------------------------

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END

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August 09, 2019 08:35 ET (12:35 GMT)

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