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Director/PDMR Shareholding

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RNS Number : 7452O
Telit Communications PLC
04 October 2019
 

4 October 2019

 

Telit Communications Plc

 ("Telit" or the "Company")

 

Director/PDMR Shareholding

 

 

Telit Communications PLC ("Telit", "the Group", AIM: TCM), announces that the following transaction has taken place:

 

On 4 October 2017, Telit issued to Yariv Dafna, Finance Director and President, Restricted Stock Units ("RSUs") under the Telit 2015 Employee Share Plan (the "Plan"). Mr. Dafna was not a director at the time.  Today, 3,000 of these RSUs automatically vested pursuant to the terms of the RSUs, and accordingly, beneficial ownership over these 3,000 ordinary shares of 1p each ("Shares") transferred.  

Mr Dafna's resultant beneficial interest in the Company is 86,000 Shares representing 0.06% of the issued share capital of the Company.

 

 

For enquiries:

 

Telit Communications PLC
Yariv Dafna, Finance Director & President

Tel: +44 203 289 3831

 

 

finnCap (Nomad and Broker)

Henrik Persson/Giles Rolls (corporate finance)

Tel: +44 20 7220 0500

 

 

FinElk

Tel: +44 20 7631 8618

Robin Haddrill/ Cornelia Schnepf

 

 

 

About Telit

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.

# # #

 

Copyright © 2019 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

 

 

 

 

 

 

 

 

 

 

 

 

1.           

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Yariv Dafna

2.           

Reason for the Notification

a)

Position/status

Executive Director

b)

Initial notification/Amendment

Initial notification

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Telit Communications Plc

b)

LEI

213800FR4VJWKM1Z3836

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 of the Financial instrument, type of instrument

RSUs over Ordinary Shares of 1 pence each

Identification code

GB00B06GM726

b)

Nature of the transaction

Vesting of RSUs

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£0.01

3,000

 

d)

Aggregated information:

·      Aggregated volume

·      Price

 

 

See above

e)

Date of the transaction

4 October 2019

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Telit Communications PLC

Price: 157.126

Market: AIM
Market Cap: £208.49 m
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