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TI Fluid Systems plc announced on March 21, 2023, the vesting of ordinary shares under its Long Term Incentive Plan for performance measured awards granted in 2020. On March 20, 2023, CEO Hans Dieltjens received 225,909 shares, CFO Ron Hundzinski received 292,779 shares, and Executive Vice President Stefan Rau received 164,289 ordinary shares, all at a price of £1.012 per share. These net shares resulted from withholding on account of taxes and lapsing due to the application of performance criteria.
| Date | 21 Mar 2023 |
| Time | 07:00:05 |
| Category | Director/PDMR dealings |
| ID | 5909T |
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.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Hans Dieltjens |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer and President |
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b) |
Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
TI Fluid Systems plc |
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b) |
LEI |
5493001T9RXVD6OAWY46 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of TI Fluid Systems plc of £0.01 each
GB00BYQB9V88 |
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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.
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c)
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Price(s) and volume(s)
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction
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20 March 2023 |
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f)
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Place of the transaction |
XLON |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Ron Hundzinski |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
TI Fluid Systems plc |
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b) |
LEI |
5493001T9RXVD6OAWY46 |
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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 |
||||||
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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.
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c)
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Price(s) and volume(s)
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|
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction
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20 March 2023 |
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f)
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Place of the transaction |
XLON |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Stefan Rau |
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2 |
Reason for the notification |
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a) |
Position/status |
Executive Vice President ‐ FCS |
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b) |
Initial notification /Amendment |
Initial notification |
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
TI Fluid Systems plc |
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b) |
LEI |
5493001T9RXVD6OAWY46 |
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|
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.
|
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c)
|
Price(s) and volume(s)
|
|
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d) |
Aggregated information - Aggregated volume - Price |
N/A
|
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e) |
Date of the transaction
|
20 March 2023 |
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f)
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Place of the transaction |
XLON |
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Enquiries:
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TI Fluid Systems plc |
+44 (0)1865 871855 |
Matthew Paroly
Company Secretary
|
FTI Consulting |
+44 (0)20 3727 1340 |
Richard Mountain
Nick Hasell