Telit Communications PLC Director/PDMR Dealing (6172J)

TIDMTCM

RNS Number : 6172J

Telit Communications PLC

13 September 2016

13 September 2016

Telit Communications PLC

Director/PDMR Dealing

Telit Communications PLC ("the Company", AIM: TCM), announces that Mr. Oozi Cats, the Company's Chief Executive, acquired 100,000 ordinary shares of the Company at a price of 229 pence per share, as further detailed in the form below.

Following the transaction, Mr. Cats owns or is directly interested in 22,961,977 Ordinary Shares, representing 19.87% of the issued share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  --------------------------------------------------------------- 
 a)   Name                            Oozi Cats 
---  ------------------------------  ------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position                        Chief Executive 
       / status 
---  ------------------------------  ------------------------------- 
 b)   Initial notification            Initial notification 
       / amendment 
---  ------------------------------  ------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                            Telit Communications PLC 
---  ------------------------------  ------------------------------- 
 b)   Legal Entity                    n/a 
       Identifier 
---  ------------------------------  ------------------------------- 
 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                     Ordinary Shares 
       of the financial 
       instrument 
---  ------------------------------  ------------------------------- 
 b)   Nature of                       Acquisition of Ordinary Shares 
       the transaction 
---  ------------------------------  ------------------------------- 
 c)   Price(s)                         Price(s)     Volume(s) 
       and volume(s)                   -----------  ---------- 
                                        229 pence    100,000 
                                       -----------  ---------- 
---  ------------------------------  ------------------------------- 
 d)        Aggregated 
            information                 N/A - single transaction 
             *    Aggregated volume 
 
 
             *    Aggregated price 
 
 
             *    Aggregated total 
---  ------------------------------  ------------------------------- 
 e)   Date of the                     12 September 2016 
       transaction 
---  ------------------------------  ------------------------------- 
 f)   Place of                        London Stock Exchange; AIM 
       the transaction 
---  ------------------------------  ------------------------------- 
 

For further information:

 
Telit Communications PLC                  Tel: [phone] 
 Yosi Fait, Finance Director & President 
 
Canaccord Genuity Limited (Nominated      Tel: [phone] 
 Adviser and Joint Broker)                 8000 
 Simon Bridges/Cameron Duncan 
 
Berenberg (Joint Broker)                  Tel: [phone] 
 Chris Bowman/Ben Wright                   2722 
 
Instinctif Partners                       Tel: [phone] 
                                           2020 
Adrian Duffield/Chantal Woolcock 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 13, 2016 02:01 ET (06:01 GMT)