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.
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
Tel: +44 20 7631 8618
Robin Haddrill/ Cornelia Schnepf
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
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
RSUs over Ordinary Shares of 1 pence each
Nature of the transaction
Vesting of RSUs
Price(s) and volume(s)
· Aggregated volume
Date of the transaction
4 October 2019
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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