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Telit Communications - Director/PDMR Shareholding

RNS Number : 8817K
Telit Communications PLC
27 April 2020
 

27 April 2020

 

Telit Communications PLC

Director Shareholdings

 

Telit Communications PLC ("Telit", AIM: TCM), announces that Harald Rösch, Non-Executive Director, bought 185,000 ordinary shares of 1 pence each ("Shares") at an average price of 122.1 pence per Share on 24 April 2020.  Harald Rösch's resultant beneficial interest in Telit is 435,000 Shares, representing 0.33% of the issued share capital of Telit.

 

Enquiries

 

Paolo Dal Pino, Chief Executive Officer

Yariv Dafna, Finance Director & President

Tel: +44 203 289 3831

finnCap (Nomad and broker)

Henrik Persson/Giles Rolls (corporate finance)

Tim Redfern/Richard Chambers (ECM)

 

Tel: +44 20 7220 0500

FinElk

Robin Haddrill/Cornelia Schnepf

Tel: +44 20 7631 8618

 

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, platforms and virtual cellular IoT operator services, empowering hundreds of millions of connected ‘things’ to date, and trusted by thousands of direct and indirect customers, globally. With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end- to-end IoT solutions for many of the world’s largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling their pursuit of enterprise digital transformation.

 

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Copyright © 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge 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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Harald Rösch

2.

Reason for the Notification

a)

Position/status

Non-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

 

Identification code

ordinary shares of one pence each.

 

 

GB00B06GM726

b)

Nature of the proposed transaction

Purchase of Shares

c)

Price(s) and volume(s)

Price(s)

Volumes(s)

£1.22

 

£1.18

170,000

 

15,000

d)

Aggregated information:

·    Aggregated volume

·    Price

 

 

185,000

 

£1.22

e)

Date of the transaction

24 April 2020

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: 132.6

Market: AIM
Market Cap: £175.95 m
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