Source - LSE Regulatory
RNS Number : 9565X
TI Fluid Systems PLC
02 May 2019
 

2 May 2019

 

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 30 April 2019 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 2019-2021 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 £1.925, being the closing price on the London Stock Exchange as at 20 March 2019, the date the Company announced its results for the 12 months ended 31 December 2018.

 

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

+44 (0)1865 871855

Matthew Paroly


Company Secretary




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 financial 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                                             1,704,675

 

 

Aggregated information

-      Aggregated volume

-      Price

 

N/A

 

Date and time of the transaction

 

30 April 2019

 

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 financial 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                                             1,024,539     

 

 

Aggregated information

-      Aggregated volume

-      Price

 

N/A

 

 

Date and time of the transaction

 

 30 April 2019

 

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 financial 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                                             350,000

 

 

Aggregated information

-      Aggregated volume

-      Price

 

N/A

 

Date and time of the transaction

 

30 April 2019

 

Place of the transaction

 

 Outside a trading venue

 

 

 

 

Details of the person discharging managerial responsibilities/person closely associated

 

Name

 

Stefan Rau

 

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 financial 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

 

30 April 2019

 

Place of the transaction

 

 Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHBRGDUCGGBGCD
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.