TIFS Ti Fluid Systems Plc

TIDMTIFS

RNS Number : 5909T

TI Fluid Systems PLC

21 March 2023

21 March 2023

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 2020 . The following notifications, made pursuant to Article 19(3) of the EU Market Abuse Regulation, provides further detail.

 
       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 
      --------------------------  ----------------------------------------------- 
 b)    Initial notification        Initial notification 
        /Amendment 
      --------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                        TI Fluid Systems plc 
      --------------------------  ----------------------------------------------- 
 b)    LEI                         5493001T9RXVD6OAWY46 
      --------------------------  ----------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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   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) 
                                     GBP1.012   225,909 Ordinary 
                                                 Shares 
      --------------------------  ----------------------------------------------- 
 d)    Aggregated information       N/A 
        - Aggregated volume 
        - Price 
      --------------------------  ----------------------------------------------- 
 e)    Date of the transaction     20 March 2023 
      --------------------------  ----------------------------------------------- 
 f)    Place of the transaction    XLON 
      --------------------------  ----------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                        Ron Hundzinski 
      --------------------------  ----------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------- 
 a)    Position/status             Chief Financial Officer 
      --------------------------  ----------------------------------------------- 
 b)    Initial notification        Initial notification 
        /Amendment 
      --------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                        TI Fluid Systems plc 
      --------------------------  ----------------------------------------------- 
 b)    LEI                         5493001T9RXVD6OAWY46 
      --------------------------  ----------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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   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) 
                                     GBP1.012   292,779 Ordinary 
                                                 Shares 
      --------------------------  ----------------------------------------------- 
 d)    Aggregated information       N/A 
        - Aggregated volume 
        - Price 
      --------------------------  ----------------------------------------------- 
 e)    Date of the transaction     20 March 2023 
      --------------------------  ----------------------------------------------- 
 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 
      --------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                        TI Fluid Systems plc 
      --------------------------  ----------------------------------------------- 
 b)    LEI                         5493001T9RXVD6OAWY46 
      --------------------------  ----------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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   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) 
                                     GBP1.012   164,289 Ordinary 
                                                 Shares 
      --------------------------  ----------------------------------------------- 
 d)    Aggregated information       N/A 
        - Aggregated volume 
        - Price 
      --------------------------  ----------------------------------------------- 
 e)    Date of the transaction     20 March 2023 
      --------------------------  ----------------------------------------------- 
 f)    Place of the transaction    XLON 
      --------------------------  ----------------------------------------------- 
 

Enquiries:

 
 TI Fluid Systems plc    +44 (0)1865 871855 
 

Matthew Paroly

Company Secretary

 
 FTI Consulting    +44 (0)20 3727 1340 
 

Richard Mountain

Nick Hasell

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March 21, 2023 03:00 ET (07:00 GMT)