Last checked at 3 May 2018 07:00
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 +44 (0)1865 871855
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 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 |