TI Fluid Systems PLC — Director's Dealing 2022

Mar 25, 2022

National Storage Mechanism | Additional information

RNS Number : 9833F

TI Fluid Systems PLC

25 March 2022

25 March 2022

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 2019. 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)
£1.83	26,582 Ordinary Shares

d) 

Aggregated information  

- Aggregated volume

- Price 

N/A

e)

Date of the transaction

24 March 2022

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

Executive Vice President ‐ FCS

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)
£1.83	17,604 Ordinary Shares

d) 

Aggregated information  

- Aggregated volume

- Price 

N/A

e)

Date of the transaction

24 March 2022

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

Executive Vice President ‐ FTDS

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)
£1.83	4,673 Ordinary Shares

d) 

Aggregated information  

- Aggregated volume

- Price 

N/A

e)

Date of the transaction

24 March 2022

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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