Telit Communications PLC Director/PDMR Shareholding (0419D)

TIDMTCM

RNS Number : 0419D

Telit Communications PLC

05 October 2018

5 October 2018

Telit Communications Plc

("Telit" or the "Company")

Director/PDMR Shareholding

On 4 October 2017, Telit issued to its senior, but not board, executive tier and other key employees options over its ordinary shares 1p each ("Ordinary Shares") and Restricted Stock Units ("RSUs") under the Telit 2015 Employee Share Plan (the "Plan"). On 4 October 2018, 540,000 of these RSUs automatically vested pursuant to the terms of the RSUs, and accordingly on that date beneficial ownership over these 540,000 ordinary shares of 1p each ("Ordinary Shares") transferred to these employees. Of these employees, the following have subsequently assumed the position of Director or PDMR. Details of their dealings are disclosed below:

 
                         No. of RSUs      Resultant   % of the issued 
                        vesting into     Holding in     share capital 
                     Ordinary Shares    the Company 
                   -----------------  -------------  ---------------- 
 Yariv Dafna                   3,000         33,000             0.03% 
 Yossi Moscovitz               3,000        353,000             0.27% 
 Eran Edri                     3,000          3,000                 - 
 Carlos Perez                  3,000          3,000                 - 
 Michael Galai                 3,000          3,000                 - 
 

For enquiries:

 
Telit Communications PLC                         Tel: c/o Instinctif 
 Paolo Dal Pino, Executive Chairman               Partners 
 
finnCap (Nomad and Joint Broker)                 Tel: [phone] 
 Henrik Persson/Giles Rolls (corporate finance)   0500 
 
Berenberg (Joint Broker)                         Tel: [phone] 
 Chris Bowman/Mark Whitmore                       2722 
 
Instinctif Partners                              Tel: [phone] 
                                                  2020 
Adrian Duffield/Chantal Woolcock 
 

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments - including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.

# # #

Copyright (c) 2018 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Yariv Dafna 
                                                   Yossi Moscovitz 
                                                   Eran Edri 
                                                   Carlos Perez 
                                                   Michael Galai 
                -------------------------------  --------------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------------ 
 a)              Position/status                  Director/PDMR 
                -------------------------------  --------------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  --------------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ------------------------------------------------------------------------ 
 a)              Name                             Telit Communications Plc 
                -------------------------------  --------------------------------------- 
 b)              LEI                              213800FR4VJWKM1Z3836 
                -------------------------------  --------------------------------------- 
 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 of the               Ordinary Shares of 1 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00B06GM726 
                -------------------------------  --------------------------------------- 
 b)              Nature of the transaction        Vesting of RSUs 
                -------------------------------  --------------------------------------- 
 c)              Price(s) and volume(s)            Yariv Dafna Price(s)   Volume(s) 
                                                     1p         3,000 
                                                               ---------- 
 
                                                    Yossi Moscovitz Price(s)   Volume(s) 
                                                     1p         3,000 
                                                               ---------- 
 
                                                    Eran Edri Price(s)   Volume(s) 
                                                     1p         3,000 
                                                               ---------- 
 
                                                    Carlos Perez Price(s)   Volume(s) 
                                                     1p         3,000 
                                                               ---------- 
 
                                                    Michael Galai Price(s)   Volume(s) 
                                                     1p         3,000 
                                                               ---------- 
                -------------------------------  --------------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume 
                                                    See above 
 
                   *    Price 
                -------------------------------  --------------------------------------- 
 e)              Date of the transaction          04 October 2018 
                -------------------------------  --------------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  --------------------------------------- 
 

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October 05, 2018 02:00 ET (06:00 GMT)