TI Fluid Systems PLC Grant of Awards under LTIP (9565X)

TIDMTIFS

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 GBP1.925, 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    [phone] 
 Matthew Paroly 
 Company Secretary 
 
 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 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 1,704,675 
-------------------------------------  ---------------------------------------------------- 
     Aggregated information                 N/A 
      - Aggregated volume 
      - Price 
-------------------------------------  ---------------------------------------------------- 
     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           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 1,024,539 
-------------------------------------  ---------------------------------------------------- 
     Aggregated information                 N/A 
      - Aggregated volume 
      - Price 
-------------------------------------  ---------------------------------------------------- 
     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,       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 350,000 
---------------------------------------------  ---------------------------------------------------- 
     Aggregated information                         N/A 
      - Aggregated volume 
      - Price 
---------------------------------------------  ---------------------------------------------------- 
     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           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 250,000 
-------------------------------------  ---------------------------------------------------- 
     Aggregated information                 N/A 
      - Aggregated volume 
      - Price 
-------------------------------------  ---------------------------------------------------- 
     Date and time of the transaction       30 April 2019 
-------------------------------------  ---------------------------------------------------- 
     Place of the transaction               Outside a trading venue 
-------------------------------------  ---------------------------------------------------- 
 

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May 02, 2019 13:11 ET (17:11 GMT)