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

Tate & LyleAnnouncement

28/05/2015 15:40

      Director/PDMR Shareholding    
Tate & Lyle PLC
Director/PDMR Shareholding
      Tate & Lyle PLC (the Company) was informed yesterday that, following       the Remuneration Committees determination that conditional awards of       ordinary shares in the capital of the Company (Shares) granted on 11       July 2012 (the Award) to Persons Discharging Managerial Responsibility       under the Performance Share Plan (PSP) will vest at 14.7%, Javed Ahmed       elected on 27 May 2015 to waive his award in full for no consideration.       This amounts to 45,653 Shares based on this vesting percentage.       Accordingly, no PSP Shares will be released to Mr Ahmed in respect of       the Award.    
      This took place in London.    
      The number of Shares released to participants in respect of the Award is       subject to the satisfaction of the following performance conditions over       the period from 1 April 2012 to 31 March 2015:    
          Performance condition        
                  
          Weighting        
                  
          Range        
                  
          Performance outcome        
                  
          Vesting outcome for this element        
          EPS growth        
          50%        
          6%-15%        
          Not achieved        
          Nil        
          ROCE        
          50%        
          13.4%-16.4%        
          Achieved (13.9%)        
          14.7% of grant        
      This notification is made in accordance with DTR 3.1.4R(1)(a) of the       Disclosure and Transparency Rules.    
      Lucie Gilbert
Company Secretary    
      28 May 2015    
View source version on businesswire.com: http://www.businesswire.com/news/home/20150528006013/en/
      Tate & Lyle PLC