Telit Communications PLC Holding(s) in Company (9430L)
07 October 2016 - 4:29AM
UK Regulatory
TIDMTCM
RNS Number : 9430L
Telit Communications PLC
06 October 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) Allianz Global Investors GmbH
subject to the
notification obligation:
----------------------------------------------------------- -----------------------------------
4. Full name of shareholder(s) N/A
(if different from 3.):
----------------------------------------------------------- -----------------------------------
5. Date of the transaction 4 October 2016
and date on
which the threshold is
crossed or
reached:
----------------------------------------------------------- -----------------------------------
6. Date on which issuer 6 October 2016
notified:
----------------------------------------------------------- -----------------------------------
7. Threshold(s) that is/are Above 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 voting rights
Shares Voting shares rights
Rights
------------- ----------------- ---------------- -------------- ------------------------ -----------------------
Direct Direct Indirect Direct Indirect
------------- ------------- ------------ -------------- --------- ------------- ---------- -----------
Below Below
GB00B06GM726 5% 5% 0 0 5,839,508 0 5.05
--------------- ----------------- ---------------- -------------- --------- ------------- ---------- -----------
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.
----------------- ----------------- -------------------------------- ------------------------ ---------------------
N/A N/A N/A N/A N/A
----------------- ----------------- -------------------------------- ------------------------ ---------------------
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
------------- ----------------- ---------------- -------------- -------------------------- -----------------------
N/A N/A N/A N/A N/A Nominal Delta
------------- ----------------- ---------------- -------------- -------------------------- ------------ ---------
N/A N/A
------------- ------------- ------------ ------------ ------- ------------- ------------ ---------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------------ ---------------------------------------------------
5,839,508 5.05
------------------------------------------------------------------ ---------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
---------------------------------------------------------------------------------------------
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:
------------------------------------------------------- ------------------------------------
13. Additional information: Regarding section 8 above:
The notified holdings have
to be indicated as either
"direct holdings" or "indirect
holdings".
Allianz Global Investors
GmbH is a German investment
management company. Its core
business is the establishment
and portfolio management
of investment funds domiciled
in Germany and Luxembourg,
but also e.g. in Italy and
France. Allianz Global Investors
GmbH is entitled to execute
the voting rights by proxy
(since the foundation of
the funds). Additionally,
Allianz Global Investors
GmbH is mandated in several
cases to manage individual
asset portfolios for clients
on a contractual basis; under
such contracts Allianz Global
Investors GmbH is entitled
to execute the voting rights
of shares held in such asset
portfolios.
For the purpose of section
8 of this TR-1 Form we have
considered holdings in investment
funds which do not have a
legal personality, but are
mere pools of assets, for
which Allianz Global Investors
GmbH acts in its own name,
but for the account of the
fund, as direct holdings.
The units of such investment
funds are jointly owned by
their investors, but the
funds are legally represented
by Allianz Global Investors
GmbH as the funds' investment
manager.
Holdings in funds managed
by Allianz Global Investors
GmbH which are legal persons
of their own (e.g. Luxembourgish
SICAV) as well as holdings
in above-mentioned portfolio
mandates (including fund
mandates, under which Allianz
Global Investors GmbH is
the portfolio manager of
funds established by other
investment companies) we
considered as indirect holdings
with respect to the fact
that the proxy was granted
on a contractual basis.
------------------------------------------------------- ------------------------------------
14. Contact name: Darren Wickert
------------------------------------------------------- ------------------------------------
15. Contact telephone number: +44 (0) 20 3246 7125
------------------------------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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