Telit Communications PLC Holding(s) in Company (4163O)
18 August 2017 - 7:55PM
UK Regulatory
TIDMTCM
RNS Number : 4163O
Telit Communications PLC
18 August 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------------------------------------------------
1. Identity of the issuer or Telit Communications PLC
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
-------------------------------------------------------- ----------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
--------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights ΓΌ
------------------------------------------------------------ ------------------------------
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) Lazarus Management Company
subject to the LLC
notification obligation:
(iii)
------------------------------------------------------ ------------------------------------
4. Full name of shareholder(s) Lazarus Investment Partners
(if different from 3.):(iv) LLLP
Lazarus Israel Opportunities
Fund LLLP
Lazarus Israel Opportunities
Fund II LLLP
Lazarus Israel Opportunities
Fund Offshore Ltd.
Ibex Driverless Fund LP
------------------------------------------------------ ------------------------------------
5. Date of the transaction 15 August 2017
and date on
which the threshold is
crossed or
reached: (v)
------------------------------------------------------ ------------------------------------
6. Date on which issuer 17 August 2017
notified:
------------------------------------------------------ ------------------------------------
7. Threshold(s) that is/are Above 4%
crossed or
reached: (vi, vii)
------------------------------------------------------ ------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
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 (x)
Shares Voting rights
Rights
-------------- ---------------- ---------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ -------------- --------- ------------ ------------ -----------
GB00B06GM726 4,611,000 N/A N/A 5,965,000 N/A 4.60%
---------------- ---------------- -------------- --------- ------------ ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
------------------ -------------- -------------------------------- ------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- -------------- -------------- ---------------- ------------------------- -----------------------
Nominal Delta
---------------- -------------- -------------- ---------------- ------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------- ----------------------------------------------------------------
5,965,000 4.60%
---------------------------------------------------- ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------------------------
Lazarus Management Company LLC is the investment adviser
of the investment funds listed below. The total disclosable
holding for Lazarus Management Company LLC is 5,965,000
shares (4.60% of voting rights).
Fund name Number of shares Percentage
------------------------------ ----------------- -----------
Lazarus Israel Opportunities
Fund LLLP 2,557,000 1.97%
------------------------------ ----------------- -----------
Lazarus Investment Partners
LLLP 409,000 0.32%
------------------------------ ----------------- -----------
Lazarus Israel Opportunities
Fund II LLLP 2,723,000 2.10%
------------------------------ ----------------- -----------
Lazarus Israel Opportunities
Fund Offshore Ltd. 229,000 0.18%
------------------------------ ----------------- -----------
Ibex Driverless Fund
LP 47,000 0.04%
------------------------------ ----------------- -----------
Aggregate position 5,965,000 4.60%
------------------------------ ----------------- -----------
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: This disclosure has been
calculated based on an issued
share capital of 129,815,845.
------------------------------------------------------------------ -------------------------------
14. Contact name: Bryan Cave Solicitors
------------------------------------------------------------------ -------------------------------
15. Contact telephone number: 020 3207 1100
------------------------------------------------------------------ -------------------------------
For notes on how to complete form TR-1 please see the
FCA website.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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