Director/PDMR Shareholding

RNS Number : 2144B

Tate & Lyle PLC

05 June 2019

 

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 3 June 2019 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/exercised	No. of Shares acquired under the GBP	No. of Shares acquired under the PSP	No. of Shares transferred to spouse as a gift
Rowan Adams	3 June 2019	10,252	51,565	61,817
Joan Braca	3 June 2019	n/a*	65,847	n/a
Nick Hampton	3 June 2019	21,591	105,760	333,000
Jim Stutelberg	3 June 2019	n/a*	76,655	n/a

* Shares were acquired under the GBP on 23 May 2019 as announced on 28 May 2019.

As a result of these transactions, Mr Hampton's total interest in Shares (including Shares held by connected persons) is 460,811.

For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 725.80 pence per Share.

No consideration was paid for the acquisition of these Shares.

Awards made under the GBP in 2017 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2017.

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 2016 to 31 March 2019. 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

5 June 2019

 

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 61,817
d)	Aggregated information -     Aggregated volume -     Price	61,817 Nil
e)	Date of the transaction	2019-06-03
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 61,817
d)	Aggregated information -     Aggregated volume -     Price	61,817 Nil
e)	Date of the transaction	2019-06-03
f)	Place of the transaction	London Stock Exchange XLON

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 61,817
d)	Aggregated information -     Aggregated volume -     Price	61,817 Nil
e)	Date of the transaction	2019-06-03
f)	Place of the transaction	London Stock Exchange XLON

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	Joan Braca
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 65,847
d)	Aggregated information -     Aggregated volume -     Price	65,847 Nil
e)	Date of the transaction	2019-06-03
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	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 127,351
d)	Aggregated information -     Aggregated volume -     Price	127,351 Nil
e)	Date of the transaction	2019-06-03
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	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	Transfer of shares as a gift to Alison Hampton, Person Closely Associated
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 333,000
d)	Aggregated information -     Aggregated volume -     Price	333,000 Nil
e)	Date of the transaction	2019-06-03
f)	Place of the transaction	London Stock Exchange XLON

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	Alison Hampton
2.	Reason for the notification
a)	Position / status	PCA to Nick Hampton
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 Nick Hampton
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 333,000
d)	Aggregated information -     Aggregated volume -     Price	333,000 Nil
e)	Date of the transaction	2019-06-03
f)	Place of the transaction	London Stock Exchange XLON

 

 

 

 

 

 

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 76,655
d)	Aggregated information -     Aggregated volume -     Price	76,655 Nil
e)	Date of the transaction	2019-06-03
f)	Place of the transaction	Outside a trading venue

 

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