TI Fluid Systems PLC Director/PDMR Shareholding (4467H)
06 April 2022 - 4:01PM
UK Regulatory
TIDMTIFS
RNS Number : 4467H
TI Fluid Systems PLC
06 April 2022
6 April 2022
TI Fluid Systems plc
(the "Company")
Notification of Transaction of Executive Directors/Persons
Discharging Managerial Responsibilities ("PDMR")
Grant of Awards under the Company's Long Term Incentive Plan
(the "Plan")
The Company announces that, effective 16 March 2022, awards of
contingent rights to receive shares of the Company have been made
to Executive Directors and other 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 2022-2024 against four
measures relating to (i) adjusted return on capital employed, (ii)
relative total shareholder return rank benchmarked to an automotive
peer group, (iii) CO(2) (e) emission improvement, and (iv) ISS
Social QualityScore. The amount of the awards governed by each
performance measure (weighting) is shown in the table below.
Performance Measure Percentage of Percentage of Award
Award for Executive for Other PDMRs
Directors
Adjusted Return on
Capital Employed
(ROCE) 50.0% 35.0%
--------------------- --------------------
Relative Total Shareholder
Return Rank Benchmarked
to Automotive Peer
Group 25.0% 17.5%
--------------------- --------------------
CO(2) (e) Emission
Reduction 15.0% 10.5%
--------------------- --------------------
ISS Social QualityScore 10.0% 7.0%
--------------------- --------------------
Time-based N/A 30.0%
--------------------- --------------------
The per share price used for the purposes of calculating the
maximum number of shares subject to these awards was GBP1.83, being
the closing price on the London Stock Exchange on 15 March 2022,
the date the Company announced its results for the 12 months ended
31 December 2021.
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
1 / person closely associated
a) Name Hans Dieltjens
-------------------------- -------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer and President
(and Executive Director)
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
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 Ordinary Shares of TI Fluid Systems plc
financial instrument, of GBP0.01 each
type of instrument
Identification code 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)
GBP1.83 1,033,257 Ordinary
per share Shares
-------------------
-------------------------- -------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -------------------------------------------------
e) Date of the transaction 16 March 2022
-------------------------- -------------------------------------------------
f) Place of the transaction XLON
-------------------------- -------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Ronald Hundzinski
-------------------------- -------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status Chief Financial Officer (and Executive
Director)
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
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 Ordinary Shares of TI Fluid Systems plc
financial instrument, of GBP0.01 each
type of instrument
Identification code 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)
GBP1.83 per 722,477 Ordinary
share Shares
-----------------
-------------------------- -------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -------------------------------------------------
e) Date of the transaction 16 March 2022
-------------------------- -------------------------------------------------
f) Place of the transaction XLON
-------------------------- -------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mark Sullivan
-------------------------- -------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status Chief Operating Officer
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
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 Ordinary Shares of TI Fluid Systems plc
financial instrument, of GBP0.01 each
type of instrument GB00BYQB9V88
Identification code
-------------------------- -------------------------------------------------
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)
GBP1.83 per 525,612 Ordinary
share Shares
-----------------
-------------------------- -------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -------------------------------------------------
e) Date of the transaction 16 March 2022
-------------------------- -------------------------------------------------
f) Place of the transaction XLON
-------------------------- -------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Stefan Rau
-------------------------- -------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status Executive Vice President - FCS
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
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 Ordinary Shares of TI Fluid Systems plc
financial instrument, of GBP0.01 each
type of instrument
Identification code 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)
GBP1.83 per 369,495 Ordinary
share Shares
-----------------
-------------------------- -------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -------------------------------------------------
e) Date of the transaction 16 March 2022
-------------------------- -------------------------------------------------
f) Place of the transaction XLON
-------------------------- -------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Steve Vercauteren
-------------------------- -------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status Executive Vice President - FTDS
-------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------------
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 Ordinary Shares of TI Fluid Systems plc
financial instrument, of GBP0.01 each
type of instrument
Identification code 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)
GBP1.83 per 261,468 Ordinary
share Shares
-----------------
-------------------------- -------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -------------------------------------------------
e) Date of the transaction 16 March 2022
-------------------------- -------------------------------------------------
f) Place of the transaction XLON
-------------------------- -------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHGUGDSXDGDGDL
(END) Dow Jones Newswires
April 06, 2022 02:01 ET (06:01 GMT)
Ti Fluid Systems (LSE:TIFS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ti Fluid Systems (LSE:TIFS)
Historical Stock Chart
From Apr 2023 to Apr 2024
