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TIFS Ti Fluid Systems Plc

132.00
1.20 (0.92%)
Last Updated: 12:58:07
Delayed by 15 minutes
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
  1.20 0.92% 132.00 131.60 132.00 132.00 130.20 131.60 199,314 12:58:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Suply,new Pts-whsl 3.52B 83.5M 0.1633 8.05 671.99M

TI Fluid Systems PLC Notification of Transaction of PDMRs

22/05/2024 7:10am

RNS Regulatory News


RNS Number : 4326P
TI Fluid Systems PLC
22 May 2024
 

22 May 2024

 

A blue circle with white circles and a white circle with a white circle with a white circle with a white circle with a white circle with a white circle with a white circle with a white circle with Description automatically generated

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: +44 7354 846374

 

Headland Consultancy

Matt Denham/Chloe Francklin

Tel: +44 (0)20 3805 4822

 

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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