Holding(s) in Company - London Stock Exchange

Regulatory Story

Company	Telit Communications PLC
TIDM	TCM
Headline	Holding(s) in Company
Released	08:20 11-Feb-2013
Number	5753X08

RNS Number : 5753X

Telit Communications PLC

11 February 2013


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		Telit Communications PLC
2 Reason for the notification (please tick the appropriate box or boxes):
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) subject to the notification obligation:	Algebris Investments (UK) LLP
4. Full name of shareholder(s) (if different from 3.):	Algebris Global Financials Master Fund Managed Accounts Master Fund Services - MAP 1 MS Algebris Global Financials UCITS Fund
5. Date of the transaction and date on which the threshold is crossed or reached:	31/01/2013
6. Date on which issuer notified:	04/02/2013
7. Threshold(s) that is/are crossed or reached:	Going below 9%, 8%,7%,6% and 5%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Indirect

Direct

Indirect

GB00B06GM726

9,552,500

0.00%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights^,

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0.00%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Algebris Investments (UK) LLP has been appointed as Investment Manager to the Algebris Global Financials Master Fund, the Managed Accounts Master Fund Services - MAP 1 and the MS Algebris Global Financials UCITS Fund. Under the terms of the investment management agreement, Algebris Investments (UK) LLP holds the power to vote any physical shareholdings held by these clients.

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	TCI Fund Services LLP provides compliance services to Algebris Investments (UK) LLP and is completing this disclosure on behalf Algebris Investments (UK) LLP. Please contact Angus Milne for any further information.
14. Contact name:	Angus Milne
15. Contact telephone number:	0207 440 2330

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUAAWROBAUARR

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.