Director/PDMR Shareholding

Director/PDMR Shareholding

Tate & Lyle PLC

Tate & Lyle PLC

Director/PDMR Shareholding

Tate & Lyle PLC (the “Company”) announces that it was informed yesterday that on 7 July 2015, a grant of options and awards over the Company’s ordinary shares of 25 pence each in the capital of the Company (“Shares”) was made to Persons Discharging Managerial Responsibilities (“PDMR”) and to an Executive Director as follows:

1. PDMRs

Name	Â	Role	Â	Number of Shares subject to option*	Â	Number of Shares subject to award*
Rowan Adams		PDMR		35,000		-
Joan Braca		PDMR		-		90,000
Robert Gibber		PDMR		110,000		-
Rob Luijten		PDMR		80,000		-
Gabrielle Parisse		PDMR		-		70,000
Pierre Schoumacher		PDMR		-		70,000

* Options are generally granted to UK residents and awards to non-UK residents.

The above options and awards will only vest to the extent that certain Company-based financial performance criteria are satisfied over a performance period which runs from 1 April 2015 to 31 March 2016. No consideration is payable for the grant or exercise of the options or awards. Options and awards will be subject to a 12-month deferral period and continued employment to 31 March 2017.

2. Nick Hampton

As explained on pages 71 and 72 of the Company’s Annual Report 2015, Nick Hampton, Chief Financial Officer, was granted an award in the form of a nil cost option over 121,781 ordinary shares of 25 pence each in the capital of the Company (the “Award”).

The Award was granted in connection with Mr Hampton’s recruitment as Chief Financial Officer and is intended to honour the agreement (announced on 24 June 2014) to compensate him for incentive awards that he forfeited at his previous employer.

The Award which is within the shareholder approved remuneration policy (for recruitment) has been granted following consultation with major shareholders. As a condition of the grant of the Award, Mr Hampton has surrendered the compensatory Award C that was granted to him on 18 November 2014 with a face value at the time of £1.44m.

The Award will be available for exercise by Mr Hampton after 31 March 2017.

Following the grant of the Award, the incentive arrangements relating to the recruitment of Mr Hampton are as follows:

Award name	Â	Date of grant	Â	Number of Shares subject to option	Â	Vesting Date
Award A		18/11/2014		96,681		01/09/15
Award B		18/11/2014		96,680		01/09/16
Award C – replacement		07/07/2015		121,781		After 31/03/17

All the above transactions took place in London.

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

8 July 2015

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) (Award A and B). In addition, he will receive a PSP award in 2014 of £1,440,000 worth of shares in Tate & Lyle (Award C). 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150708005829/en/