REG - Tate & Lyle PLC - Director/PDMR Shareholding

Tate & LyleAnnouncement

28/05/2019 16:15

RNS Number : 3754A
Tate & Lyle PLC
28 May 2019
 


 
Tate & Lyle PLC
 
Notification of transaction by Persons Discharging Managerial Responsibilities
 
Tate & Lyle PLC (the 'Company') announces that it was informed on 23 May 2019 that 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').
 
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 Transaction


No. of Shares acquired under the GBP






Joan Braca


23 May 2019


6,312




Jim Stutelberg


23 May 2019


19,154




 
For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 762.00 pence per Share on 23 May 2019.
 
No consideration was paid for the acquisition of these Shares. These awards were made under the GBP in 2017 and were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2017.
 
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
28 May 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


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


Release of nil-cost conditional awards over shares for no consideration




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil


6,312




 




d)


Aggregated information
-     Aggregated volume
-     Price


 
 


6,312
 
Nil




e)


Date of the transaction


2019-05-23




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


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


Release of nil-cost conditional awards over shares for no consideration




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil


19,154




 




d)


Aggregated information
-     Aggregated volume
-     Price


 
 


19,154
 
Nil




e)


Date of the transaction


2019-05-23




f)


Place of the transaction


Outside a trading venue




 
 




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