Telit Communications PLC Form 8 (OPD) (Telit Communications PLC) (2261U)
April 01 2021 - 1:00AM
UK Regulatory
TIDMTCM TIDMTTM
RNS Number : 2261U
Telit Communications PLC
01 April 2021
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Telit Communications PLC
(b) Owner or controller of interests and short positions disclosed, if different from N/A
1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
-------------------------
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Telit Communications PLC
Use a separate form for each offeror/offeree
-------------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
-------------------------
(e) Date position held: 31 March 2021
The latest practicable date prior to the disclosure
-------------------------
(f) In addition to the company in 1(c) above, is the discloser making disclosures in N/A
respect
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
-------------------------
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: Ordinary
Interests Short positions
------------- ------------------
Number % Number %
--------- ------------- ---
(1) Relevant securities owned and/or controlled: NIL 0 NIL 0
--------- ------------- ---
(2) Cash-settled derivatives: NIL 0 NIL 0
--------- ------------- ---
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: NIL 0 NIL 0
--------- ------------- ---
TOTAL: NIL 0 NIL 0
--------- ------------- ---
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: N/A
Details, including nature of the rights concerned and relevant percentages: N/A
----
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
Shares held by the directors of Telit Communications PLC
(held beneficially by them or their close relatives)
Name Number of Ordinary Percentage of total
Shares of GBP0.01 issued share capital
each in the Offeree (%) (excluding shares
interested in under option) of
the Offeree
--------------------- -----------------------
Paolo Dal Pino 540,000 0.402%
--------------------- -----------------------
Simon Duffy 28,429 0.021%
--------------------- -----------------------
Scrase Duffy (a
person closely associated
with Simon Duffy) 7,771 0.006%
--------------------- -----------------------
Stirling Duffy (a
person closely associated
with Simon Duffy) 7,771 0.006%
--------------------- -----------------------
Harald Rösch 435,000 0.324%
--------------------- -----------------------
Anthony Dixon 9,018 0.007%
--------------------- -----------------------
Awards granted to the directors of Telit Communications
PLC outstanding
Name Description Date of Grant Number Exercise Vesting
of Award of Ordinary price (pence) Date
Shares
of GBP0.01
each subject
to the
outstanding
awards
--------------- --------------- -------------- --------------- ---------------
1 July
2022 (subject
to attainment
of share
Paolo Dal price growth
Pino Share Options 1 July 2019 2,000,000 161 targets)
--------------- --------------- -------------- --------------- ---------------
Eyal Shefer Performance 1 February 120,000 N/A 1 February
Shares 2021 2024
(subject
to attainment
of share
growth
targets)
--------------- --------------- -------------- --------------- ---------------
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or
financial collateral arrangements should be disclosed on a
Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal
or informal, relating to relevant securities which may be an inducement to deal or refrain
from dealing entered into by the party to the offer making the disclosure or any person acting
in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party
to the offer making the disclosure, or any person acting in concert with it, and any other
person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
---
Date of disclosure: 1 April 2021
Contact name: Daniel Neiger
----------------
Telephone number: +972-3-791-4006
----------------
Public disclosures under Rule 8 of the Code must be made to a
Regulatory Information Service.
The Panel's Market Surveillance Unit is available for
consultation in relation to the Code's disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk .
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