REG - Tate & Lyle PLC - Director/PDMR Shareholding
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
Tate & Lyle PLC (the 'Company') announces that on 3 June 2019 the following 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'), and the 2012 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 of Shares released/exercised
No. of Shares acquired under the GBP
No. of Shares acquired under the PSP
No. of Shares transferred to spouse as a gift
Rowan Adams
3 June 2019
10,252
51,565
61,817
Joan Braca
3 June 2019
n/a*
65,847
n/a
Nick Hampton
3 June 2019
21,591
105,760
333,000
Jim Stutelberg
3 June 2019
n/a*
76,655
n/a
* Shares were acquired under the GBP on 23 May 2019 as announced on 28 May 2019.
As a result of these transactions, Mr Hampton's total interest in Shares (including Shares held by connected persons) is 460,811.
For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 725.80 pence per Share.
No consideration was paid for the acquisition of these Shares.
Awards made under the GBP in 2017 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2017.
Awards made under the PSP are subject to the satisfaction of performance conditions over a three year performance period, which in this case ran from 1 April 2016 to 31 March 2019. The PSP award acquired by Mr Hampton is subject to a further two-year post-vesting holding period.
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
5 June 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
Rowan Adams
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
Acquisition of shares following the exercise of nil-cost options over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
61,817
d)
Aggregated information
- Aggregated volume
- Price
61,817
Nil
e)
Date of the transaction
2019-06-03
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
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
Transfer of shares as a gift to Sarah Adams, Person Closely Associated
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
61,817
d)
Aggregated information
- Aggregated volume
- Price
61,817
Nil
e)
Date of the transaction
2019-06-03
f)
Place of the transaction
London Stock Exchange
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
Sarah Adams
2.
Reason for the notification
a)
Position / status
PCA to Rowan Adams
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
Receipt of shares as a gift from Rowan Adams
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
61,817
d)
Aggregated information
- Aggregated volume
- Price
61,817
Nil
e)
Date of the transaction
2019-06-03
f)
Place of the transaction
London Stock Exchange
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
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
Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
65,847
d)
Aggregated information
- Aggregated volume
- Price
65,847
Nil
e)
Date of the transaction
2019-06-03
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
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
Acquisition of shares following the exercise of nil-cost options over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
127,351
d)
Aggregated information
- Aggregated volume
- Price
127,351
Nil
e)
Date of the transaction
2019-06-03
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
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
Transfer of shares as a gift to Alison Hampton, Person Closely Associated
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
333,000
d)
Aggregated information
- Aggregated volume
- Price
333,000
Nil
e)
Date of the transaction
2019-06-03
f)
Place of the transaction
London Stock Exchange
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
Alison Hampton
2.
Reason for the notification
a)
Position / status
PCA to 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136
b)
Nature of the transaction
Receipt of shares as a gift from Nick Hampton
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
333,000
d)
Aggregated information
- Aggregated volume
- Price
333,000
Nil
e)
Date of the transaction
2019-06-03
f)
Place of the transaction
London Stock Exchange
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
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
Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
76,655
d)
Aggregated information
- Aggregated volume
- Price
76,655
Nil
e)
Date of the transaction
2019-06-03
f)
Place of the transaction
Outside a trading venue
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