REG-Tate & Lyle PLC Director/PDMR Shareholding <Origin Href="QuoteRef">TATE.L</Origin>

Tate & LyleAnnouncement

24/11/2014 15:09

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LONDON--(Business Wire)--


Tate & Lyle PLC

Director/PDMR Shareholding

Tate & Lyle PLC (the "Company") announces that in accordance with the incentive
arrangements relating to the recruitment of Nick Hampton, Chief Financial
Officer, as announced on 24 June 2014 (see note below), a grant of nil-cost
options over the Company`s ordinary shares of 25 pence each in the capital of
the Company ("Shares") was made to Nick Hampton today as follows: 
 
 Award name    No. of Shares            Value of award    Vesting Date           
               subject to option         upon grant                              
 Award A       96,681                }  £1.20m            1 September 2015       
 Award B       96,680                }                    1 September 2016       
 Award C       232,033                  £1.44m            After 31 March 2017    
 
 
Awards A and B will only vest to the extent that certain performance criteria
are satisfied by Nick Hampton. Award C is subject to the performance conditions
that apply to awards made under the Performance Share Plan 2012 during the year
ending 31 March 2015 and accordingly 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 2014 to 31 March 2017. 

These awards are governed by a Restricted Share Award deed dated 18 November
2014 and the rules of the Performance Share Plan. 

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 

18 November 2014 

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). In addition, he will receive a PSP award in 2014 of
£1,440,000 worth of shares in Tate & Lyle. 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. 
 
Tate & Lyle PLC 

Copyright Business Wire 2014