Director/PDMR Shareholding

RNS Number : 9851U

Tate & Lyle PLC

04 August 2022

 

Tate & Lyle PLC

Notification of transactions by Persons Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') announces that a grant of awards over the Company's ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') was made on 3 August 2022 under the Tate & Lyle Performance Share Plan 2020 ('PSP') and the Tate & Lyle Group Bonus Plan 2011 ('GBP') in respect of the year ended 31 March 2022 to Persons Discharging Managerial Responsibilities ('PDMR') as detailed in the table below:

PDMR	Number of Shares subject to PSP award	Number of Shares subject to GBP award
Nick Hampton	296,771	190
Dawn Allen	197,875	-
Rowan Adams	118,075	-
Lindsay Beardsell	167,340	-
Laura Hagan	133,872	-
Melissa Law	166,151	-
Victoria Spadaro Grant	174,033	4,741
Bill Magee	124,086	-
Andrew Taylor	184,592	1,236

Awards under the PSP and GBP are structured as conditional awards. Awards granted under the PSP will only vest to the extent that certain performance criteria are satisfied by the Company over a three-year performance period which runs from 1 April 2022 to 31 March 2025 . Further information on the operation of the GBP is provided in the Annual Report 2022. No consideration is payable for the grant of the awards under the PSP or GBP.

The Company additionally announces that in accordance with the remuneration arrangements relating to the recruitment of Dawn Allen, Chief Financial Officer, as announced on 9 February 2022, a grant of nil-cost conditional awards over the Company's Shares was made to Dawn Allen on 3 August 2022 as follows:

Award name	No. of Shares	Value of award upon grant	Vesting Date
Award A	109,005	£785,000	After 16 May 2023
Award B	131,917	£950,000	After 31 March 2024

Award A will only vest to the extent that certain performance criteria are satisfied by Ms. Allen. Award B is subject to the performance conditions that apply to awards made under the Tate & Lyle 2020 PSP and 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 2021 to 31 March 2024 . These awards are governed by an Award Deed dated 3 August 2022 and the rules of the PSP.

Further to the announcements above, the Company announces that on 3 August 2022, Alison Hampton, a Person Closely Associated to Nick Hampton, Chief Executive, transferred 17,142 Shares to Nick Hampton as a gift.

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

Claire-Marie O'Grady

Company Secretary

4 August 2022

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	Chief Executive
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 296,771 Nil 190
d)	Aggregated information -  Aggregated volume -  Price	296,961 Nil
e)	Date of the transaction	2022-08-03
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	Dawn Allen
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 197,875 Nil 109,005 Nil 131,917
d)	Aggregated information -  Aggregated volume -  Price	438,797 Nil
e)	Date of the transaction	2022-08-03
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	Executive Group VP, Corporate Affairs
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 118,075
d)	Aggregated information -  Aggregated volume -  Price	118,075 Nil
e)	Date of the transaction	2022-08-03
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	Lindsay Beardsell
2.	Reason for the notification
a)	Position / status	Executive VP, General Counsel
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of a conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 167,340
d)	Aggregated information -  Aggregated volume -  Price	167,340 Nil
e)	Date of the transaction	2022-08-03
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	Laura Hagan
2.	Reason for the notification
a)	Position / status	Chief Human Resources Officer
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 133,872
d)	Aggregated information -  Aggregated volume -  Price	133,872 Nil
e)	Date of the transaction	2022-08-03
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	Melissa Law
2.	Reason for the notification
a)	Position / status	President, Global Operations
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 166,151
d)	Aggregated information -  Aggregated volume -  Price	166,151 Nil
e)	Date of the transaction	2022-08-03
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	Victoria Spadaro Grant
2.	Reason for the notification
a)	Position / status	President, Innovation & Commercial Development
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 174,033 Nil 4,741
d)	Aggregated information -  Aggregated volume -  Price	178,774 Nil
e)	Date of the transaction	2022-08-03
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	Bill Magee
2.	Reason for the notification
a)	Position / status	President, Food & Beverage Solutions
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 124,086
d)	Aggregated information -  Aggregated volume -  Price	124,086 Nil
e)	Date of the transaction	2022-08-03
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	Andrew Taylor
2.	Reason for the notification
a)	Position / status	President Asia, Middle East, Africa and Latin America
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 184,592 Nil 1,236
d)	Aggregated information -  Aggregated volume -  Price	185,828 Nil
e)	Date of the transaction	2022-08-03
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	Chief Executive
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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Receipt of shares as a gift
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 17,142
d)	Aggregated information -  Aggregated volume -  Price	17,142 Nil
e)	Date of the transaction	2022-08-03
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	Alison Hampton
2.	Reason for the notification
a)	Position / status	Person Closely Associated with 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 29 1/6 pence each in the capital of Tate & Lyle PLC GB00BP92CJ43
b)	Nature of the transaction	Transfer of shares as a gift
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 17,142
d)	Aggregated information -  Aggregated volume -  Price	17,142 Nil
e)	Date of the transaction	2022-08-03
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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