TI Fluid Systems PLC Director/PDMR Shareholding (9551M)
May 03 2018 - 2:00AM
UK Regulatory
TIDMTIFS
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 GBP2.55, 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, Ordinary shares of TI Fluid
type of instrument Systems plc
Identification code 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 N/A
* Aggregated volume
* Price
------------------------------------------- -----------------------------
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, Ordinary shares of TI Fluid
type of instrument Systems plc
Identification code 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 N/A
* Aggregated volume
* Price
------------------------------------------- -----------------------------
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, Ordinary shares of TI Fluid
type of instrument Systems plc
Identification code 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 N/A
* Aggregated volume
* Price
------------------------------------------- -----------------------------
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, Ordinary shares of TI Fluid
type of instrument Systems plc
Identification code 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 N/A
* Aggregated volume
* Price
------------------------------------------- -----------------------------
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
END
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