Director/PDMR Shareholding

Tate & Lyle PLC

07 June 2023

 

Tate & Lyle PLC

Notification of transactions by Persons Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') announces that on 6 June 2023 the following transactions occurred by Persons Discharging Managerial Responsibilities ('PDMR') in respect of their interests in ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') under the Tate & Lyle Group Bonus Plan ('GBP') and the 2020 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 Shares released/exercised	No. of Shares acquired under the GBP	No. of Shares acquired under the PSP
Nick Hampton	6 June 2023	17,063	100,668
Rowan Adams	6 June 2023	2,909	40,055
Lindsay Beardsell	6 June 2023	4,123	56,767
Melissa Law	6 June 2023	6,917	82,081
Andrew Taylor	6 June 2023	6,487	101,370
Dawn Allen	6 June 2023	n/a	57,772
Victoria Spadaro Grant	6 June 2023	n/a	59,038
Bill Magee	6 June 2023	n/a	19,991

For tax purposes, the market value of the Shares was 795 pence per Share. No consideration was paid for the acquisition of these Shares.

Awards made under the GBP in 2021 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2021.

Awards made under the PSP in 2020 are subject to the satisfaction of performance conditions over a three-year performance period, which in this case ran from 1 April 2020 to 31 March 2023. The PSP award acquired by Mr. Hampton is subject to a further two-year post-vesting holding period.

Mr. Adams subsequently sold 40,055 Shares on 6 June 2023, at a sale price of 788.5 pence per Share. Mr. Adams continues to comply with the Executive Shareholding Policy of three times base salary.

Ms. Allen's Shares were acquired in connection with an appointment award, announced on 9 February 2022. These Shares are not subject to a two-year post-vesting holding period.

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

Claire-Marie O'Grady

Company Secretary

7 June 2023

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	Acquisition of shares under the GBP and PSP following the release of a nil-cost conditional award and the exercise of nil-cost options over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 100,668 Nil 17,063
d)	Aggregated information -     Aggregated volume -     Price	117,731 Nil
e)	Date of the transaction	2023-06-06
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 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	Acquisition of shares under the GBP and PSP following the release of a nil-cost conditional award and the exercise of nil-cost options over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 2,909 Nil 40,055
d)	Aggregated information -     Aggregated volume -     Price	42,964 Nil
e)	Date of the transaction	2023-06-06
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 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	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £7.885 40,055
d)	Aggregated information -     Aggregated volume -     Price	40,055 £315,833.675
e)	Date of the transaction	2023-06-06
f)	Place of the transaction	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	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	Acquisition of shares under the GBP and PSP following the release of a nil-cost conditional award and the exercise of nil-cost options over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 56,767 Nil 4,123
d)	Aggregated information -     Aggregated volume -     Price	60,890 Nil
e)	Date of the transaction	2023-06-06
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	Acquisition of shares under the PSP and GBP following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 82,081 Nil 6,917
d)	Aggregated information -     Aggregated volume -     Price	88,998 Nil
e)	Date of the transaction	2023-06-06
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	Acquisition of shares under the PSP and GBP following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 101,370 Nil 6,487
d)	Aggregated information -     Aggregated volume -     Price	107,857 Nil
e)	Date of the transaction	2023-06-06
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	Acquisition of shares under the PSP following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 57,772
d)	Aggregated information -     Aggregated volume -     Price	57,772 Nil
e)	Date of the transaction	2023-06-06
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 and 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	Acquisition of shares under the PSP following the exercise of nil-cost options over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 59,038
d)	Aggregated information -     Aggregated volume -     Price	59,038 Nil
e)	Date of the transaction	2023-06-06
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 (William) Magee
2.	Reason for the notification
a)	Position / status	President, Food & Beverage Solutions, North 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	Acquisition of shares under the PSP following the release of nil-cost conditional awards over shares for no consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 19,991
d)	Aggregated information -     Aggregated volume -     Price	19,991 Nil
e)	Date of the transaction	2023-06-06
f)	Place of the transaction	Outside a trading venue

 

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