Telit Communications PLC Director's Dealing (1035K)
05 July 2017 - 12:25AM
UK Regulatory
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
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