RNS Number : 8928H
TI Fluid Systems PLC
22 March 2024
 

22 March 2024

 

TI Fluid Systems plc

("the Company")


Notification of transactions of Directors/

Persons Discharging Managerial Responsibilities ("PDMRs")


 The Company advises that a vesting of ordinary shares has been made under the Company's Long Term Incentive Plan for performance measured awards granted in 2021. The following notifications, made pursuant to Article 19(3) of the EU Market Abuse Regulation, provides further detail.

 

 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

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

Vesting of ordinary shares under the Company's Long Term Incentive Plan. The net shares below result from withholding on account of taxes and lapsing due to the application of performance criteria.

 

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£1.524

66,038 Ordinary Shares



d) 

Aggregated information  

- Aggregated volume

  - Price 

 N/A

e)

Date of the transaction

 

20 March 2024

f)

 

Place of the transaction

XLON

 

 

 1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stefan Rau

2 

Reason for the notification

a)

Position/status

Chief Operating Officer and 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

Vesting of ordinary shares under the Company's Long Term Incentive Plan. The net shares below result from withholding on account of taxes and lapsing due to the application of performance criteria.

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£1.524

27,330 Ordinary Shares



d) 

Aggregated information  

- Aggregated volume

  - Price 

 N/A

 

e)

Date of the transaction

 

20 March 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

Vesting of ordinary shares under the Company's Long Term Incentive Plan. The net shares below result from withholding on account of taxes and lapsing due to the application of performance criteria.

 

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£1.524

12,552 Ordinary Shares



d) 

Aggregated information  

- Aggregated volume

  - Price 

 N/A

e)

Date of the transaction

 

20 March 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

Vesting of ordinary shares under the Company's Long Term Incentive Plan payable in cash. The net cash amount below results from withholding on account of taxes and lapsing due to the application of performance criteria.

 

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Settled in cash at £1.524 per share

1,870



d) 

Aggregated information  

- Aggregated volume

  - Price 

 N/A

e)

Date of the transaction

 

20 March 2024

f)

 

Place of the transaction

Outside a trading venue

 

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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