Telit Communications PLC Holding(s) in Company (2619L)

TIDMTCM

RNS Number : 2619L

Telit Communications PLC

29 September 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                        Telit Communications PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
-------------------------------------------------------------  ----------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
-------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                      X 
----------------------------------------------------------------  -------------------------------- 
 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 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  -------------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  -------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  -------------------------------- 
 3. Full name of person(s)                                          Senvest Management, LLC 
  subject to the 
  notification obligation: 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                                     Senvest Master Fund, LP 
  (if different from 3.):                                        Senvest Israel Partners Master 
                                                                            Fund, LP 
                                                                     Senvest Global (KY), LP 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                            September 28, 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                               September 29, 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                                  <5% 
  crossed or 
  reached: 
-----------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------------ 
 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 shares       voting                      rights 
                   Shares          Voting                            rights 
                                   Rights 
-------------    --------------  ----------------  --------------  --------------------------  ------------------------- 
                                                    Direct          Direct        Indirect      Direct        Indirect 
-------------      ------------    ------------    --------------  ------------  ------------  ------------  ----------- 
 GB00B06GM726     5,819,512       5,819,512         4,999,067       4,999,067                   4.33% 
                 --------------  ----------------  --------------  ------------  ------------  ------------  ----------- 
 
 
 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                          Period                            may be 
                                                                       acquired if 
                                                                       the 
                                                                       instrument 
                                                                       is 
                                                                       exercised/ 
                                                                       converted. 
-----------------  --------------  --------------------------------  ----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of        Exercise          Expiration      Exercise/         Number of voting              % of voting 
 financial      price             date            Conversion         rights instrument             rights 
 instrument                                       period             refers to 
-------------  ----------------  --------------  ----------------  ----------------------------  ----------------------- 
                                                                                                  Nominal       Delta 
-------------  ----------------  --------------  ----------------  ----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ------------------------------------------------------------------- 
                     4,999,067                                                      4.33% 
---------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------------------------- 
 
                        Senvest Master Fund, LP - 3,725,974 / Shares, 3.22% 
                                       of Outstanding Shares 
                        Senvest Israel Partners Master Fund, LP - 1,140,081 
                               / Shares, 0.99% of Outstanding Shares 
                        Senvest Global (KY), LP - 133,012 / Shares, 0.12% of 
                                         Outstanding Shares 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
--------------------------------------------------------------  --------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
--------------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
--------------------------------------------------------------  --------------------------------- 
 
 
  13. Additional information: 
------------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                              Bobby Trahanas, Chief Compliance 
                                                                            Officer 
------------------------------------------------------------  ----------------------------------- 
 15. Contact telephone number:                                           212.202.32050 
------------------------------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 29, 2016 12:45 ET (16:45 GMT)