Telit Communications PLC Holding(s) in Company (4107U)

TIDMTCM TIDM42SB

RNS Number : 4107U

Telit Communications PLC

18 January 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                        Telit Communications Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ------------------------------------ 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
--------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
----------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of instruments with                                   X 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  --------------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  --------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  --------------------------------- 
 3. Full name of person(s)                                        The Goldman Sachs Group, Inc. 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s)                                    Goldman Sachs International 
  (if different from 3.):(iv)                                          Goldman, Sachs & Co. 
                                                                 Goldman Sachs Asset Management, 
                                                                               L.P. 
-----------------------------------------------------------  -------------------------------------- 
 5. Date of the transaction                                              13 January 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer                                                 17 January 2017 
  notified: 
-----------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are                                                Below 3% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  -------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------ 
 Class/type        Situation previous              Resulting situation after the 
  of                to the triggering               triggering transaction 
  shares            transaction 
 
  if possible 
  using 
  the ISIN CODE 
----------------  ------------------------------  ---------------------------------------------------------- 
                   Number          Number          Number    Number of                % of voting 
                   of              of              of         voting                   rights (x) 
                   Shares          Voting          shares     rights 
                                   Rights 
----------------  --------------  --------------  --------  -----------------------  ----------------------- 
                                                   Direct    Direct   Indirect        Direct   Indirect 
                                                             (xi)      (xii) 
----------------  --------------  --------------  --------  -------  --------------  -------  -------------- 
 
                                                                          Below                    Below 
   GB00B06GM726       818,990         818,990                               3%                       3% 
                  --------------  --------------  --------  -------  --------------  -------  -------------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------ 
 Type of           Expiration      Exercise/                 Number of voting         % of voting 
  financial         date            Conversion                rights that              rights 
  instrument        (xiii)          Period (xiv)              may be 
                                                              acquired if 
                                                              the 
                                                              instrument 
                                                              is 
                                                              exercised/ 
                                                              converted. 
----------------  --------------  ------------------------  -----------------------  ----------------------- 
   Stock Loan                                                       Below 3%                 Below 3% 
    (Physical) 
----------------  --------------  ------------------------  -----------------------  ----------------------- 
   C: Financial Instruments with similar economic effect 
     to Qualifying Financial Instruments 
     (xv, xvi) 
   ---------------------------------------------------------------------------------------- 
    Resulting situation after the triggering transaction 
   ---------------------------------------------------------------------------------------- 
    Type of       Exercise   Expiration   Exercise/     Number of voting    % of voting 
     financial     price      date         Conversion   rights instrument    rights (xix, 
     instrument                            period       refers to            xx) 
   ------------  ---------  -----------  ------------  ------------------  ---------------- 
                                                                            Nominal   Delta 
   ------------  ---------  -----------  ------------  ------------------  --------  ------ 
------------------------------------------------------------------------------------------------------------ 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                           Percentage of voting rights 
------------------------------------------------  ---------------------------------------------------------- 
                    Below 3%                                               Below 3% 
------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------- 
 
   N/A 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                           N/A 
-------------------------------------------------------  ---------------------------------- 
 11. Number of voting rights proxy                                       N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  ---------------------------------- 
 12. Date on which proxy holder will                                     N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  ---------------------------------- 
 
                                                          Please note, total amount 
  13. Additional information:                              of voting rights have been 
                                                           rounded to 2 decimal places 
                                                           therefore there is a possibility 
                                                           of a rounding error. 
 
                                                           General email contact: 
                                                           [e-mail] 
-------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                        Joanna Foley 
-------------------------------------------------------  ---------------------------------- 
 
 15. Contact telephone number:                             [phone] 
-------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 18, 2017 02:00 ET (07:00 GMT)