Director/PDMR Shareholding

Director/PDMR Shareholding

Tate & Lyle PLC

Tate & Lyle PLC

Director/PDMR Shareholding

Tate & Lyle PLC (the “Company”) announces that in accordance with the incentive arrangements relating to the recruitment of Nick Hampton, Chief Financial Officer, as announced on 24 June 2014 (see note below), a grant of nil-cost options over the Company’s ordinary shares of 25 pence each in the capital of the Company (“Shares”) was made to Nick Hampton today as follows:

Award name	Â	No. of Shares subject to option	Â	Â	Value of award upon grant	Â	Vesting Date
Award A		96,681		}	£1.20m		1 September 2015
Award B		96,680		}			1 September 2016
Award C		232,033		Â	£1.44m		After 31 March 2017

Awards A and B will only vest to the extent that certain performance criteria are satisfied by Nick Hampton. Award C is subject to the performance conditions that apply to awards made under the Performance Share Plan 2012 during the year ending 31 March 2015 and accordingly will only vest to the extent that these performance conditions are satisfied by the Company over a three-year performance period which runs from 1 April 2014 to 31 March 2017.

These awards are governed by a Restricted Share Award deed dated 18 November 2014 and the rules of the Performance Share Plan.

This notification is made in accordance with DTR 3.1.4R(1)(a) of the FCA’s Disclosure and Transparency Rules.

Lucie Gilbert
Company Secretary

18 November 2014

Note:

Extract from the announcement issued on 24 June 2014:

To compensate Nick for incentive awards that he will forfeit at PepsiCo Europe, Tate & Lyle will make him a one-off Restricted Stock Award (RSA) of £1,200,000 worth of shares in Tate & Lyle (delivered in two equal tranches on the first and second anniversaries of his employment with Tate & Lyle subject to achievement of performance conditions). In addition, he will receive a PSP award in 2014 of £1,440,000 worth of shares in Tate & Lyle. The foregoing RSA and PSP award will be subject to forfeiture/repayment if he ceases to be employed in the first 36 months of employment due to his resignation or dismissal for cause.