Notification of Transaction of PDMRs

TI Fluid Systems PLC

22 May 2024

 

22 May 2024

TI Fluid Systems plc

(the "Company")

Notification of transactions of Directors/

Persons Discharging Managerial Responsibilities ("PDMRs")

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

The Company announces that, effective 3 May 2024, awards of contingent rights to receive shares of the Company have been made to Executive 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 FY2024-2026 against three measures relating to (i) Adjusted Return on Capital Employed, (ii) Cumulative Adjusted Earnings per Share, and (iii) Total CO₂(e) Emissions during performance period (metric tonnes). The amount of the awards governed by each performance measure (weighting) is shown in the table below.

Performance Measure	Percentage of Award for Executive Directors and PDMRs
Adjusted Return on Capital Employed (ROCE)	50%
Cumulative Adjusted Earnings per Share	25%
Total CO2(e) Emissions during performance period (metric tonnes)	25%

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hans Dieltjens
2	Reason for the notification
a)	Position/status	Chief Executive Officer and President and Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TI Fluid Systems plc
b)	LEI	5493001T9RXVD6OAWY46
4	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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of TI Fluid Systems plc of £0.01 each GB00BYQB9V88
b)	Nature of the transaction	Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.569 1,460,100 Ordinary Shares
d)	Aggregated information   - Aggregated volume - Price	N/A
e)	Date of the transaction	3 May 2024
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alexander De Bock
2	Reason for the notification
a)	Position/status	Chief Financial Officer and Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TI Fluid Systems plc
b)	LEI	5493001T9RXVD6OAWY46
4	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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of TI Fluid Systems plc of £0.01 each GB00BYQB9V88
b)	Nature of the transaction	Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.569 840,842 Ordinary Shares
d)	Aggregated information   - Aggregated volume - Price	N/A
e)	Date of the transaction	3 May 2024
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Vercauteren
2	Reason for the notification
a)	Position/status	President, EMEA
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TI Fluid Systems plc
b)	LEI	5493001T9RXVD6OAWY46
4	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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of TI Fluid Systems plc of £0.01 each GB00BYQB9V88
b)	Nature of the transaction	Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.569 472,586 Ordinary Shares
d)	Aggregated information   - Aggregated volume - Price	N/A
e)	Date of the transaction	3 May 2024
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julien Plenchette
2	Reason for the notification
a)	Position/status	President, Americas
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TI Fluid Systems plc
b)	LEI	5493001T9RXVD6OAWY46
4	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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of TI Fluid Systems plc of £0.01 each GB00BYQB9V88
b)	Nature of the transaction	Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.569 305,761 Ordinary Shares
d)	Aggregated information   - Aggregated volume - Price	N/A
e)	Date of the transaction	3 May 2024
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Henri Tsang
2	Reason for the notification
a)	Position/status	President, Asia Pacific
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TI Fluid Systems plc
b)	LEI	5493001T9RXVD6OAWY46
4	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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of TI Fluid Systems plc of £0.01 each GB00BYQB9V88
b)	Nature of the transaction	Award of contingent rights to receive shares under the TI Fluid Systems plc Long Term Incentive Plan for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.569 334,034 Ordinary Shares
d)	Aggregated information   - Aggregated volume - Price	N/A
e)	Date of the transaction	3 May 2024
f)	Place of the transaction	XLON

Enquiries:

TI Fluid Systems plc

Kellie McAvoy

Investor Relations

Tel: [phone]

Headland Consultancy

Matt Denham/Chloe Francklin

Tel: [phone]

About TI Fluid Systems plc

TI Fluid Systems is a global innovator of thermal and fluid system solutions for the full range of current and developing vehicle architectures. Serving all major automotive manufacturers, with more than 100 years of automotive supply experience; TI Fluid Systems operates across 27 countries with a commitment to improving efficiency, performance and sustainability worldwide. To find out more about TI Fluid Systems, visit www.tifluidsystems.com.

 

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