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TCM Telit Communications Plc

229.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telit Communications Plc LSE:TCM London Ordinary Share GB00B06GM726 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 229.00 229.00 229.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Telit Communications PLC Holding(s) in Company (9511O)

24/08/2017 5:33pm

UK Regulatory


TIDMTCM

RNS Number : 9511O

Telit Communications PLC

24 August 2017

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 
-------------------------------------------------------------------------------------  ------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------  ------------- 
 Other (please specify)(iii) : 
-------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               Lazarus Management Company 
                                                     LLC 
 City and country of registered 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name                                               Lazarus Investment Partners 
                                                     LLLP 
                                                     Lazarus Israel Opportunities 
                                                     Fund LLLP 
                                                     Lazarus Israel Opportunities 
                                                     Fund II LLLP 
                                                     Lazarus Israel Opportunities 
                                                     Fund Offshore Ltd. 
                                                     Ibex Driverless Fund LP 
-------------------------------------------------  ------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
-------------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                     21/08/2017 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   23/08/2017 
  (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                      5.14%                                                 129,815,845 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)                     4.60% 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 
 
 
 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                                     6,667,173                                         5.14% 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 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) 
 
  Lazarus Management Company LLC is the investment 
  adviser of the investment funds listed below. The 
  total disclosable holding for Lazarus Management 
  Company LLC is 6,667,173 shares (5.14% 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 
--------------------  ----------------  -----------------------  --------------------- 
 Lazarus Israel 
  Opportunities 
  Fund LLLP                 1.97% 
--------------------  ----------------  -----------------------  --------------------- 
 Lazarus Investment 
  Partners LLLP             0.32% 
--------------------  ----------------  -----------------------  --------------------- 
 Lazarus Israel 
  Opportunities 
  Fund II LLLP              2.60% 
--------------------  ----------------  -----------------------  --------------------- 
 Lazarus Israel 
  Opportunities 
  Fund 
  Offshore Ltd.             0.22% 
--------------------  ----------------  -----------------------  --------------------- 
 Ibex Driverless 
  Fund LP                   0.04% 
--------------------  ----------------  -----------------------  --------------------- 
 
 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) 
-------------------------------------------------------------------------------------- 
 This disclosure has been calculated based on an issued 
  share capital of 129,815,845. 
-------------------------------------------------------------------------------------- 
 
 
 
 Place of completion 
-------------------- 
 Date of completion 
-------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUSONRBUAWUAR

(END) Dow Jones Newswires

August 24, 2017 12:33 ET (16:33 GMT)

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