Telit Communications PLC Holding(s) in Company (4538T)
January 05 2017 - 5:30AM
UK Regulatory
TIDMTCM TIDM42SB
RNS Number : 4538T
Telit Communications PLC
05 January 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):
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An acquisition or disposal of voting rights X
---------------------------------------------------------------- ---------------------------------
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) The Goldman Sachs Group, Inc.
subject to the
notification obligation:
(iii)
----------------------------------------------------------- --------------------------------------
4. Full name of shareholder(s) Goldman Sachs International
(if different from 3.):(iv) Goldman Sachs Asset Management,
L.P.
----------------------------------------------------------- --------------------------------------
5. Date of the transaction 02 January 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- --------------------------------------
6. Date on which issuer 04 January 2017
notified:
----------------------------------------------------------- --------------------------------------
7. Threshold(s) that is/are Above 6%
crossed or
reached: (vi, vii)
----------------------------------------------------------- --------------------------------------
8. Notified details:
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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 voting rights (x)
Shares Voting shares rights
Rights
----------------- --------------- ---------------- ----------- ------------------------ -----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
----------------- -------------- --------------- ----------- --------- ------------- -------- -------------
Below Below
GB00B06GM726 3% 3% 852,272 0.74%
--------------- ---------------- ----------- --------- ------------- -------- -------------
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.
------------------ --------------- ----------------------------- ----------------------- -----------------------
Stock Loan
(Physical) Open 442,085 0.38%
------------------ --------------- ----------------------------- ----------------------- -----------------------
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 % of voting
financial price date Conversion voting rights (xix,
instrument period rights xx)
instrument
refers to
------------- ---------- ------------ ------------- -------------- ----------------
Nominal Delta
------------- ---------- ------------ ------------- -------------- -------- ------
Refer to
annexure 5,868,560 5.07%
------------------------------------------------------ -------------- -------- ------
--------------------------------------------------------------------------------------------------------------------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------- -------------------------------------------------------------
7,162,917 6.19%
----------------------------------------------------- -------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-------------------------------------------------------------------------------------------
-----------------The Goldman Sachs Group, Inc.; 7,162,917
shares; 6.19%
Goldman Sachs (UK) L.L.C. (Controlled by The Goldman
Sachs Group, Inc.); 7,160,157 shares; 6.19%
Goldman Sachs Group UK Limited (Controlled by Goldman
Sachs (UK) L.L.C.); 7,160,157 shares; 6.19%
Goldman Sachs International (Controlled by Goldman Sachs
Group UK Limited); 7,160,157 shares; 6.19%
GSAM Holdings LLC (Controlled by The Goldman Sachs Group,
Inc.)
Goldman Sachs Asset Management, L.P. (Controlled by
GSAM Holdings LLC)
Proxy Voting:
-------------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------------- ----------------------------------
11. Number of voting rights proxy N/A
holder will cease to hold:
------------------------------------------------------- ----------------------------------
12. Date on which proxy holder will N/A
cease to hold voting rights:
------------------------------------------------------- ----------------------------------
Please note, total amount
13. Additional information: of voting rights have been
rounded to 2 decimal places
therefore there is a possibility
of a rounding error.
General email contact:
shareholderdisclosures@gs.com
------------------------------------------------------- ----------------------------------
14. Contact name: Joanna Foley
------------------------------------------------------- ----------------------------------
15. Contact telephone number: +44 207 051 9996
------------------------------------------------------- ----------------------------------
Annexure A
--------------------------------------------------------------------------------------------------------------
Attached to notification of voting rights given in
fulfilment of the obligations imposed by the FCA in
accordance with DTR5 (including section 5.8.1). by
The Goldman Sachs Group, Inc. dated 09 May 2016 for
itself and its subsidiaries in relation to ITV plc
--------------------------------------------------------------------------------------------------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/Conversion Number of % of voting
financial price date period voting rights rights
instrument instrument
refers to
--------------- ---------------- -------------- ---------------------- --------------- ------------------
Nominal Delta
--------------- ---------------- ------------- --------------------- --------------- --------- -------
CFD 14-Nov-2025 432,141 0.37%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 28-Jan-2026 337,964 0.29%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 11-Feb-2026 2,053,991 1.78%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 25-Mar-2026 276,620 0.24%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 30-Sep-2026 102,750 0.09%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 2-Oct-2026 107,537 0.09%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 18-Oct-2017 2,400 0.002%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 18-Oct-2017 3,400 0.003%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 18-Oct-2017 12,100 0.01%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 18-Oct-2017 17,600 0.02%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 18-Oct-2017 4,100 0.004%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 18-Oct-2017 6,100 0.01%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 7-Oct-2026 56,956 0.05%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 1,900 0.002%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 2,800 0.002%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 1,700 0.001%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 2,500 0.002%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 1,400 0.001%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 2,000 0.002%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 1,500 0.001%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 2,200 0.002%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 1,000 0.001%
--------------------------------- -------------- ---------------------- --------------- --------- -------
SWAP 17-Nov-2017 1,600 0.001%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 25-Nov-2026 2,325,488 2.01%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 29-Dec-2017 8,745 0.01%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 29-Dec-2017 24,123 0.02%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 29-Dec-2017 34,190 0.03%
--------------------------------- -------------- ---------------------- --------------- --------- -------
CFD 29-Dec-2017 43,756 0.04%
--------------------------------- -------------- ---------------------- --------------- --------- -------
Total Number of voting rights and
percentage of voting rights 5,868,560 5.07%
------------------------------------------------------------------------- --------------- --------- -------
Additional information: Please note, total amount of
voting rights have been rounded to 2 decimal places
therefore there is a possibility of a rounding error.
--------------------------------------------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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