Source - LSE Regulatory
RNS Number : 9551M
TI Fluid Systems PLC
03 May 2018
 

3 May 2018

 

TI Fluid Systems plc

(the "Company")

 

Notification of transaction of Directors/ Persons Discharging Managerial Responsibilities ("PDMR")

 

Grant of Awards under the Company's Long Term Incentive Plan (the "Plan")

 

The Company announces that on 1 May 2018 awards of contingent rights to receive shares of the Company have been made to certain directors and PDMRs under the Plan.

 

The awards were made at no cost to the individual and will vest, subject to the rules of the Plan, based on the Company's performance during the three-year period of 2018-2020 against two measures relating to (i) earnings per share (governing 80% of the awards) and (ii) relative adjusted total shareholder return (governing 20% of the awards).

 

The per share price used for the purposes of calculating the maximum number of shares subject to these awards was £2.55, being the offer price in connection with the Company's initial public offering and admission of shares to trading on the London Stock Exchange that took place on 25 October 2017.

 

The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation.

 

Enquiries:

 

TI Fluid Systems plc

Matthew Paroly

Company Secretary        +44 (0)1865 871855

 

FTI Consulting                   +44 (0)20 3727 1340

Richard Mountain

Nick Hasell

 

 

 

Details of the person discharging managerial responsibilities/person

closely associated

 

Name

 

William L. Kozyra

 

Reason for the notification

 

Position/status

 Chief Executive Officer & President

 

Initial notification/ Amendment

 

Initial notification

 

Details of the issuer

 

Name

 

TI  Fluid Systems plc

 

LEI

 

 5493001T9RXVD6OAWY46

 

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

Description of the finan-cial instrument,

type of instrument

Identification code

Ordinary shares of TI Fluid Systems plc

 

GB00BYQB9V88

 

Nature of the transaction

Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.

 

Price(s) and volume(s)

 

 Price(s)                                    Volume(s)

 

 Nil                                             1,200,000

 

 

Aggregated information

-      Aggregated volume

-      Price

 N/A

 

Date and time of the transaction

 

 1 May 2018

 

Place of the transaction

 

 Outside a trading venue

 

 

 

Details of the person discharging managerial responsibilities/person

closely associated

 

Name

 

Timothy Knutson

 

Reason for the notification

 

Position/status

 Chief Financial Officer

 

Initial notification/ Amendment

 

Initial notification

 

Details of the issuer

 

Name

 

TI  Fluid Systems plc

 

LEI

 

 5493001T9RXVD6OAWY46

 

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

Description of the finan-cial instrument,

type of instrument

Identification code

Ordinary shares of TI Fluid Systems plc

 

GB00BYQB9V88

 

Nature of the transaction

Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.

 

Price(s) and volume(s)

 

 Price(s)                                    Volume(s)

 

 Nil                                             700,000     

 

 

Aggregated information

-      Aggregated volume

-      Price

 N/A

 

 

Date and time of the transaction

 

 1 May 2018

 

Place of the transaction

 

 Outside a trading venue

 

 

 

 

Details of the person discharging managerial responsibilities/person

closely associated

 

Name

 

Hans Dieltjens               

 

Reason for the notification

 

Position/status

 Executive Vice President - FTDS

 

Initial notification/ Amendment

 

Initial notification

 

Details of the issuer

 

Name

 

TI  Fluid Systems plc

 

LEI

 

 5493001T9RXVD6OAWY46

 

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

Description of the finan-cial instrument,

type of instrument

Identification code

Ordinary shares of TI Fluid Systems plc

 

GB00BYQB9V88

 

Nature of the transaction

Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.

 

Price(s) and volume(s)

 

 Price(s)                                    Volume(s)

 

 Nil                                             250,000

 

 

Aggregated information

-      Aggregated volume

-      Price

 N/A

 

Date and time of the transaction

 

 1 May 2018

 

Place of the transaction

 

 Outside a trading venue

 

 

 

 

Details of the person discharging managerial responsibilities/person

closely associated

 

Name

 

Steve Taylor

 

Reason for the notification

 

Position/status

 Executive Vice President - FCS

 

Initial notification/ Amendment

 

Initial notification

 

Details of the issuer

 

Name

 

TI  Fluid Systems plc

 

LEI

 

 5493001T9RXVD6OAWY46

 

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

Description of the finan-cial instrument,

type of instrument

Identification code

Ordinary shares of TI Fluid Systems plc

 

GB00BYQB9V88

 

Nature of the transaction

Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.

 

Price(s) and volume(s)

 

 Price(s)                                    Volume(s)

 

 Nil                                             100,000

 

 

Aggregated information

-      Aggregated volume

-      Price

 N/A

 

 

Date and time of the transaction

 

 1 May 2018

 

Place of the transaction

 

 Outside a trading venue

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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