Tate & Lyle PLC (the “Companyâ€) was informed yesterday of the following
transactions by persons discharging managerial responsibility under the
Company’s 2003 Performance Share Plan (‘PSP’) on 19 June 2013:
201,455 shares were released to Matthew Wineinger of which 65,400
shares were sold at 817.70 pence per share to pay for tax and sale
costs. Mr Wineinger retained the remaining shares.
164,827 shares were released to Karl Kramer. Mr Kramer retained 6,303
shares and having met the requirements of the Company’s Executive
Shareholding Policy, disposed of 158,524 shares at 817.70 pence per
share.
155,085 shares were released to Olivier Rigaud and all shares were
sold at 817.70 pence per share. Mr Rigaud has already met the
requirements of the Company’s Executive Shareholding Policy.
Rob Luijten exercised 131,401 nil-cost options and sold 61,976 shares
at 817.70 pence per share to pay for tax and sale costs. Mr Luijten
retained the remaining shares.
No consideration was paid for the acquisition of these shares. Awards
made under the PSP are subject to the satisfaction of performance
conditions over a three year performance period, which in this case was
1 April 2010 to 31 March 2013.
All transactions occurred on the London Stock Exchange.
This notification is made in accordance with DTR 3.1.4R(1)(a) of the
Disclosure and Transparency Rules.
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