Director/PDMR Shareholding

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        [phone]

FTI Consulting                   [phone]

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

 

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