Director dealings: Telit Communications chairman adds to stake

31st May 2016 14:55

(ShareCast News) - Telit Communication chairman Enrico Testa has shown his confidence that the company's hardware and software products are gaining traction with industry.Testa spent £226,500 to add 100,000 shares at a price of 226.5p to take his total ownership of the internet of things (IoT) company to 1%, or 1,155,500 ordinary shares.Last week, Telit was signed up by SAP to license and resell Telit's deviceWISE platform that the pair said would create a new way for companies to onboard to the Internet of Things.This followed another agreement in May for the Rome-headquartered company, which won a contract with John Deere to implement DeviceWISE. This will enable John Deere to collect and analyse real time assembly information to help improve efficiency throughout its supply chain and near 100 factories. Also this month, Telit gained CAT-1 LTE module certification in the US market with a major mobile network operator. Top Director BuysTelit Communications (TCM)Director name: Testa,Enrico (Chicco)Amount purchased: 100,000 @ 226.50pValue: £226,500.01Hostelworld Group (HSW)Director name: Mooney,FeargalAmount purchased: 84,000 @ 180.25pValue: £151,410.00Ithaca Energy Inc. (di) (IAE)Director name: Lee,Jack C.Amount purchased: 82,600 @ $C1.06Value: $C47,618.42Sinclair Pharma (SPH)Director name: Tschudin,Jean-CharlesAmount purchased: 97,000 @ 36.25pValue: £35,162.50Blackrock World Mining Trust (BRWM)Director name: Cockerill,IanAmount purchased: 8,653 @ 229.80pValue: £19,884.59Ithaca Energy Inc. (di) (IAE)Director name: Lee,Jack C.Amount purchased: 16,900 @ $C1.07Value: $C9,834.67City Merchants High Yield Trust (CMHY)Director name: Taylor,Philip Amount purchased: 2,539 @ 179.51pValue: £4,557.76John Laing Group (JLG)Director name: Beeton,JeremyAmount purchased: 2,000 @ 221.10pValue: £4,422.00Mortgage Advice Bureau (holdings) (MAB1)Director name: Imlach,Nathan James McLeanAmount purchased: 392 @ 348.00pValue: £1,364.16Sinclair Pharma (SPH)Director name: Tschudin,Jean-CharlesAmount purchased: 3,023 @ 35.50pValue: £1,073.16Record (REC)Director name: Cullen,SteveAmount purchased: 906 @ 24.85pValue: £225.143i Group (III)Director name: Wilson,JuliaAmount purchased: 28 @ 542.50pValue: £151.90Top Director SellsSevern Trent (SVT)Director name: Garfield ,Olivia (Liv)Amount sold: 20,995 @ 2,271.60pValue: £476,922.41Severn Trent (SVT)Director name: FitzGerald,EmmaAmount sold: 6,926 @ 2,271.60pValue: £157,331.01Severn Trent (SVT)Director name: FitzGerald,EmmaAmount sold: 6,908 @ 2,271.60pValue: £156,922.13Driver Group (DRV)Director name: Laslett,Robert (Bob) CharlesAmount sold: 100,000 @ 70.00pValue: £70,000.00Vedanta Resources (VED)Director name: Joshi,Akhilesh Amount sold: 1,816 @ 375.00pValue: £6,810.00