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RNS
Telit Communications PLC  -  TCM   

Holding(s) in Company

Released 08:20 11-Feb-2013

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

Direct

Indirect

Direct

Indirect

GB00B06GM726

9,552,500

9,552,500

0

0


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

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
 
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Holding(s) in Company - RNS