Director/PDMR Shareholding

RNS Number : 7245O

Tate & Lyle PLC

02 June 2020

 

Tate & Lyle PLC

Notification of transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

Tate & Lyle PLC (the 'Company') announces that on 1 June 2020 the following transactions occurred by Persons Discharging Managerial Responsibilities ("PDMR") in respect of their interests in ordinary shares of 25 pence each in the capital of the Company ('Shares') under the Tate & Lyle Group Bonus Plan ('GBP'), and the 2012 Performance Share Plan ('PSP').

Following the withholding of Shares to satisfy certain tax obligations arising on the release of Shares, PDMR interests in Shares changed as detailed in the table below:

PDMR	Date of Shares released	No. of Shares acquired under the GBP	No. of Shares acquired under the PSP	No. of Shares transferred to spouse as a gift
Nick Hampton	1 June 2020	11,993	72,164	n/a
Rowan Adams	1 June 2020	6,944	35,275	42,219
Melissa Law	1 June 2020	4,617	52,389	n/a
Andrew Taylor	1 June 2020	1,494	56,814	n/a
Jim Stutelberg	1 June 2020	15,730	55,148	n/a
Harry Boot	1 June 2020	n/a	39,283	n/a

For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 680.4 pence per Share.

No consideration was paid for the acquisition of these Shares.

Awards made under the GBP in 2018 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2018.

Awards made under the PSP are subject to the satisfaction of performance conditions over a three year performance period, which in this case ran from 1 April 2017 to 31 March 2020. The PSP award acquired by Mr Hampton is subject to a further two-year post-vesting holding period.

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Claire-Marie O'Grady

Company Secretary

2 June 2020

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Nick Hampton
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Acquisition of shares following the exercise of nil-cost options over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 84,157
d)	Aggregated information -  Aggregated volume -  Price	84,157 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Rowan Adams
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Acquisition of shares following the exercise of nil-cost options over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 42,219
d)	Aggregated information -  Aggregated volume -  Price	42,219 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Rowan Adams
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Transfer of shares as a gift to Sarah Adams, Person Closely Associated
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 42,219
d)	Aggregated information -  Aggregated volume -  Price	42,219 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Sarah Adams
2.	Reason for the notification
a)	Position / status	PCA to Rowan Adams
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Receipt of shares as a gift from Rowan Adams
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 42,219
d)	Aggregated information -  Aggregated volume -  Price	42,219 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Melissa Law
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 57,006
d)	Aggregated information -  Aggregated volume -  Price	57,006 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Andrew Taylor
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 58,308
d)	Aggregated information -  Aggregated volume -  Price	58,308 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Jim Stutelberg
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 70,878
d)	Aggregated information -  Aggregated volume -  Price	70,878 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Harry Boot
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tate & Lyle PLC
b)	LEI	2138008K14474WPKZ244
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 Identification code	Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC GB0008754136
b)	Nature of the transaction	Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 39,283
d)	Aggregated information -  Aggregated volume -  Price	39,283 Nil
e)	Date of the transaction	2020-06-01
f)	Place of the transaction	Outside a trading venue

 

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