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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 |
TIDMTCM
RNS Number : 1035K
Telit Communications PLC
04 July 2017
4 July 2017
Telit Communications PLC
Director's Dealing
Telit Communications PLC ("Telit", "the Company", AIM: TCM), announces that Mr. Yosi Fait, the Company's President and Finance Director, exercised 500,000 options over ordinary shares of the Company, with an exercise price of 206p, in a cashless manner.
Mr. Fait sold the resulting 173,567 shares and an additional 315,000 ordinary shares - 488,567 ordinary shares in the aggregate - at a weighted average price of 310 pence per share, as further detailed in the form below.
Following the transaction, Mr. Fait holds 1,000,000 options over the Company's shares.
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 Yosi Fait --- ------------------------------ ------------------------------------------------------------------ 2. Reason for the notification --- -------------------------------------------------------------------------------------------------- a) Position Finance Director, President / 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 Options over ordinary shares of the financial instrument --- ------------------------------ ------------------------------------------------------------------ b) Nature of Cashless exercise of options the transaction --- ------------------------------ ------------------------------------------------------------------ c) Price(s) Price(s) Volume(s) and volume(s) -------------------------- ---------------- Exercise price: 206 pence 500,000 options -------------------------- ---------------- The options were exercised on a cashless basis. Actual number of resulting shares, which were subsequently and immediately sold, was 173,567. --- ------------------------------ ------------------------------------------------------------------ d) Aggregated information N/A - single transaction * Aggregated volume * Aggregated price * Aggregated total --- ------------------------------ ------------------------------------------------------------------ e) Date of the 28 June 2017 (UK) transaction --- ------------------------------ ------------------------------------------------------------------ f) Place of Outside a trading venue the transaction --- ------------------------------ ------------------------------------------------------------------ 5. 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 1 pence each of the financial ("Ordinary Shares") instrument Identification ISIN number GB00B06GM726 code --- ------------------------------ ------------------------------------------------------------------ b) Nature of Sale of Ordinary Shares the transaction --- ------------------------------ ------------------------------------------------------------------ c) Price(s) Price(s) Volume(s) and volume(s) ---------------- ---------- 315.1301 pence 16,898 ---------------- ---------- 315.5 pence 256,669 ---------------- ---------- --- ------------------------------ ------------------------------------------------------------------ d) Aggregated Weighted average price Aggregated volume Aggregated total information ----------------------- ------------------ ----------------- * Aggregated volume 315.4771 pence 273,567 GBP863,041 ----------------------- ------------------ ----------------- * Aggregated price * Aggregated total --- ------------------------------ ------------------------------------------------------------------ e) Date of the 28 June 2017 (UK) transaction --- ------------------------------ ------------------------------------------------------------------ f) Place of London Stock Exchange, AIM the transaction --- ------------------------------ ------------------------------------------------------------------ 6. 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 1 pence each of the financial ("Ordinary Shares") instrument Identification ISIN number GB00B06GM726 code --- ------------------------------ ------------------------------------------------------------------ b) Nature of Sale of Ordinary Shares the transaction --- ------------------------------ ------------------------------------------------------------------ c) Price(s) Price(s) Volume(s) and volume(s) ---------------- ---------- 305.5 pence 25,000 ---------------- ---------- 305.25 pence 13,000 ---------------- ---------- 306.1202 pence 7,865 ---------------- ---------- 305.5 pence 80,000 ---------------- ---------- 300 pence 89,135 ---------------- ---------- --- ------------------------------ ------------------------------------------------------------------ d) Aggregated Weighted average price Aggregated volume Aggregated total information ----------------------- ------------------ ----------------- * Aggregated volume 303.2273 pence 215,000 GBP651,939 ----------------------- ------------------ ----------------- * Aggregated price * Aggregated total --- ------------------------------ ------------------------------------------------------------------ e) Date of the 3 July 2017 (UK) transaction --- ------------------------------ ------------------------------------------------------------------ f) Place of London Stock Exchange, AIM the transaction --- ------------------------------ ------------------------------------------------------------------
For further information:
Telit Communications PLC Tel: +39 06 4204601 Yosi Fait, Finance Director & President Canaccord Genuity Limited Tel: +44 20 7523 (Nominated Adviser) 8000 Simon Bridges/Martin Davison Berenberg (Joint Broker) Tel: +44 20 3465 2722 Chris Bowman/Ben Wright Instinctif Partners Adrian Duffield/Chantal Woolcock Tel: +44 20 7457 2020
The company news service from the London Stock Exchange
END
DSHUGURGMUPMGCC
(END) Dow Jones Newswires
July 04, 2017 10:25 ET (14:25 GMT)
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