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Share Name Share Symbol Market Type Share ISIN Share Description
Ti Fluid Systems Plc LSE:TIFS London Ordinary Share GB00BYQB9V88 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.50 -1.94% 227.90 224.75 228.20 232.95 226.25 228.95 40,803 08:51:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 2,886.6 170.7 23.1 9.3 1,186

TI Fluid Systems PLC Director/PDMR Shareholding

17/06/2020 7:00am

UK Regulatory (RNS & others)


Ti Fluid Systems (LSE:TIFS)
Historical Stock Chart


From May 2020 to Nov 2020

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TIDMTIFS

RNS Number : 1640Q

TI Fluid Systems PLC

17 June 2020

17 June 2020

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 15 June 2020 awards of contingent rights to receive ordinary shares in the capital of the Company were made to certain persons discharging managerial responsibilities under the Plan.

The awards will vest, subject to the rules of the Plan, based on the Company's performance, which will be measured over a three-year period from 2020-2022. As previously indicated in the Company's 2019 Annual Report and Accounts, specific performance measures and targets for awards under the Plan were not determined in March 2020 due to the uncertainty resulting from the COVID-19 pandemic. Specific performance measures and targets have now been established which are aligned to shareholder interests and the Company's priority of the preservation and generation of cash in light of the various potential outcomes arising from the COVID-19 pandemic. As a result, the Company will no longer consider Adjusted Basic Earnings Per Share Growth (Compound Annual Growth Rate), and the specific performance measures and targets applicable to these awards are as follows:

 
 Performance           Weighting   Vesting         Threshold        Maximum          Outperformance 
  Condition                         at Threshold 
 Cumulative 
  Adjusted 
  Free Cash                                                         EUR260 
  Flow                 80%         20%             EUR110 Million    Million         EUR285 Million 
                      ----------  --------------  ---------------  ---------------  --------------- 
 Relative 
  Total Shareholder 
  Return               20%         25%             Median           Upper Quartile   Not applicable 
                      ----------  --------------  ---------------  ---------------  --------------- 
 

The awards were made at no cost to the individual. The per share price used for the purposes of calculating the maximum number of shares subject to these awards was GBP1.70, being the closing price on the London Stock Exchange as at 12 June 2020, the day prior to the grant date of the awards.

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: 
  David Royce 
  Investor Relations      +1 (248) 376 8624 
 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           Ordinary shares of TI Fluid Systems plc 
      instrument,                            GB00BYQB9V88 
      type of instrument 
      Identification code 
-------------------------------------  ---------------------------------------------------- 
     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 2,127,970 
-------------------------------------  ---------------------------------------------------- 
     Aggregated information                 N/A 
      - Aggregated volume 
      - Price 
-------------------------------------  ---------------------------------------------------- 
     Date and time of the transaction       15 June 2020 
-------------------------------------  ---------------------------------------------------- 
     Place of the transaction               Outside a trading venue 
-------------------------------------  ---------------------------------------------------- 
 
 
     Details of the person discharging managerial responsibilities/person 
      closely associated 
------------------------------------------------------------------------------------------- 
     Name                                   Ronald Hundzinski 
-------------------------------------  ---------------------------------------------------- 
     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           Ordinary shares of TI Fluid Systems plc 
      instrument,                            GB00BYQB9V88 
      type of instrument 
      Identification code 
-------------------------------------  ---------------------------------------------------- 
     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 843,261 
-------------------------------------  ---------------------------------------------------- 
     Aggregated information                 N/A 
      - Aggregated volume 
      - Price 
-------------------------------------  ---------------------------------------------------- 
     Date and time of the transaction       15 June 2020 
-------------------------------------  ---------------------------------------------------- 
     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,       Ordinary shares of TI Fluid Systems 
      type of instrument                             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 500,686 
---------------------------------------------  ---------------------------------------------------- 
     Aggregated information                         N/A 
      - Aggregated volume 
      - Price 
---------------------------------------------  ---------------------------------------------------- 
     Date and time of the transaction               15 June 2020 
---------------------------------------------  ---------------------------------------------------- 
     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           Ordinary shares of TI Fluid Systems 
      instrument,                            plc 
      type of instrument                     GB00BYQB9V88 
      Identification code 
-------------------------------------  ---------------------------------------------------- 
     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 387,110 
-------------------------------------  ---------------------------------------------------- 
     Aggregated information                 N/A 
      - Aggregated volume 
      - Price 
-------------------------------------  ---------------------------------------------------- 
     Date and time of the transaction       15 June 2020 
-------------------------------------  ---------------------------------------------------- 
     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

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June 17, 2020 02:00 ET (06:00 GMT)

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