Director dealings: Telit Communications chairman adds to stake

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 Buys

Telit Communications (TCM)
Director name: Testa,Enrico (Chicco)
Amount purchased: 100,000 @ 226.50p
Value: £226,500.01

Hostelworld Group (HSW)
Director name: Mooney,Feargal
Amount purchased: 84,000 @ 180.25p
Value: £151,410.00

Ithaca Energy Inc. (di) (IAE)
Director name: Lee,Jack C.
Amount purchased: 82,600 @ $C1.06
Value: $C47,618.42

Sinclair Pharma (SPH)
Director name: Tschudin,Jean-Charles
Amount purchased: 97,000 @ 36.25p
Value: £35,162.50

Blackrock World Mining Trust (BRWM)
Director name: Cockerill,Ian
Amount purchased: 8,653 @ 229.80p
Value: £19,884.59

Ithaca Energy Inc. (di) (IAE)
Director name: Lee,Jack C.
Amount purchased: 16,900 @ $C1.07
Value: $C9,834.67

City Merchants High Yield Trust (CMHY)
Director name: Taylor,Philip
Amount purchased: 2,539 @ 179.51p
Value: £4,557.76

John Laing Group (JLG)
Director name: Beeton,Jeremy
Amount purchased: 2,000 @ 221.10p
Value: £4,422.00

Mortgage Advice Bureau (holdings) (MAB1)
Director name: Imlach,Nathan James McLean
Amount purchased: 392 @ 348.00p
Value: £1,364.16

Sinclair Pharma (SPH)
Director name: Tschudin,Jean-Charles
Amount purchased: 3,023 @ 35.50p
Value: £1,073.16

Record (REC)
Director name: Cullen,Steve
Amount purchased: 906 @ 24.85p
Value: £225.14

3i Group (III)
Director name: Wilson,Julia
Amount purchased: 28 @ 542.50p
Value: £151.90

Top Director Sells

Severn Trent (SVT)
Director name: Garfield ,Olivia (Liv)
Amount sold: 20,995 @ 2,271.60p
Value: £476,922.41

Severn Trent (SVT)
Director name: FitzGerald,Emma
Amount sold: 6,926 @ 2,271.60p
Value: £157,331.01

Severn Trent (SVT)
Director name: FitzGerald,Emma
Amount sold: 6,908 @ 2,271.60p
Value: £156,922.13

Driver Group (DRV)
Director name: Laslett,Robert (Bob) Charles
Amount sold: 100,000 @ 70.00p
Value: £70,000.00

Vedanta Resources (VED)
Director name: Joshi,Akhilesh
Amount sold: 1,816 @ 375.00p
Value: £6,810.00