TI Fluid Systems PLC Grant of Awards under LTIP (9565X)
02 Maggio 2019 - 07:11PM
UK Regulatory
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 +44 (0)1865 871855
Matthew Paroly
Company Secretary
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 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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END
DSHBRGDUCGGBGCD
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May 02, 2019 13:11 ET (17:11 GMT)
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