Telit Communications PLC Holding(s) in Company (2744T)
July 16 2020 - 12:39PM
UK Regulatory
TIDMTCM
RNS Number : 2744T
Telit Communications PLC
16 July 2020
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 or the Telit Communications PLC (AIM:
underlying issuer of existing shares TCM)
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
Other (please specify)(iii) :
3. Details of person subject to the notification obligation (iv)
Name Ibex Investors LLC
City and country of registered office Denver, Colorado, USA
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name Ibex Israel Fund LLLP
Ibex Microcap Fund LLLP
-----------------------------------------
City and country of registered office Dover, Delaware, USA
(if applicable) Dover, Delaware, USA
-----------------------------------------
5. Date on which the threshold was 15/07/2020
crossed or reached (vi) :
-----------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 16/07/2020
-----------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting
to shares (total instruments 8.B) rights of
of 8. A) (total of 8.B issuer (vii)
1 + 8.B 2)
------------------ --------------------- -------------- ----------------
Resulting situation
on the date
on which threshold
was crossed
or reached 0% 0% 132,691,291
------------------ --------------------- -------------- ----------------
Position of
previous notification
(if
applicable) 7.02% 7.02%
------------------ --------------------- -------------- ----------------
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 of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
--------------------------
GB00B06GM726 0 0 0 0
---------------------- -------------------------- ------------------------- ---------------------
SUBTOTAL 8. A 0 0
-------------------------------------------------- ------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument (x) (xi) 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 or Number of % of voting
financial date (x) Conversion cash voting rights rights
instrument Period (xi) settlement
(xii)
---------------- -------------------- -------------------- --------------------
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 X
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)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
---------------------- --------------------- ------------------------
Ibex Israel Fund
LLLP 0 0 0
---------------------- --------------------- ------------------------
Ibex Microcap Fund
LLLP 0 0 0
---------------------- --------------------- ------------------------
10. In case of proxy voting, please identify:
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)
On 15 July 2020, Ibex Investors LLC the investment manager of the Ibex
Israel Fund LLLP and the Ibex Microcap Fund LLLP (the "Funds") disposed
of the Funds' entire holdings of Telit Communications PLC (AIM: TCM)
bringing the Funds' holdings to zero.
Place of completion Denver, Colorado, USA
Date of completion 15 July 2020
----------------------
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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