Telit Communications PLC ("Telit", "the Group", AIM: TCM), announces that the following transaction has taken place:
On 1 May 2019, the Company was notified that Harald Rösch, Non-Executive Director, bought 250,000 ordinary shares of 1p each ("Share") at a price of 184.6 pence per Share. Mr Rösch's resultant beneficial interest in the Company is 250,000 Shares representing 0.19% of the issued share capital of the Company.
Telit Communications PLC Paolo Dal Pino, Executive Chairman
Yariv Dafna, Finance Director
Tel: +44 203 289 3831
finnCap (Nomad and Joint Broker)
Henrik Persson/Giles Rolls (corporate finance)
Tel: +44 20 7220 0500
Berenberg (Joint Broker)
Chris Bowman/Mark Whitmore
Tel: +44 20 3465 2722
Tel: +44 20 7457 2020
Adrian Duffield/Chantal Woolcock
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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the Notification
Non - Executive Director
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Telit Communications Plc
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
Description of the Financial instrument, type of instrument
Ordinary Shares of 1 pence each
Nature of the transaction
Acquisition of shares
Price(s) and volume(s)
· Aggregated volume
Date of the transaction
30 April 2019
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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