REG - Tate & Lyle PLC - Director/PDMR Shareholding

Tate & LyleAnnouncement

08/09/2020 10:00

RNS Number : 2647Y
  
Tate & Lyle PLC
  
08 September 2020
  
 

 
Tate & Lyle PLC 
 
Notification of transaction by Person Discharging Managerial Responsibilities
 
Tate & Lyle PLC (the 'Company') was informed that 15,065 ordinary shares of 25 pence each in the capital of the Company ('Shares') were released on 4 September 2020 to Andrew Taylor, a Person Discharging Managerial Responsibilities, in accordance with the Restricted Share Award that was granted to him on 24 November 2017. 6,674 shares were withheld to satisfy tax obligations arising on the release of the Shares. As a result, Mr. Taylor acquired and retained a total of 8,391 Shares. For tax purposes, the market value of the Shares, being the average of the two closing prices on the date of the transaction, was 674.2 pence per share. No consideration was paid for the acquisition of these Shares.
 
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
 
Claire-Marie O'Grady
Company Secretary
8 September 2020
 
 
 




 
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 


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 vesting of nil-cost conditional awards over shares for no consideration.




c) 


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


8,391








d)


Aggregated information 
-     Aggregated volume
-     Price


 
 


8,391
 
Nil




e) 


Date of the transaction


2020-09-04




f)


Place of the transaction 


Outside a trading venue



 
 

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