REG - Tate & Lyle PLC - Director/PDMR Shareholding

Tate & LyleAnnouncement

02/10/2020 11:55

RNS Number : 9551A
  
Tate & Lyle PLC
  
02 October 2020
  
 

Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that a grant of options and awards over the Company's ordinary shares of 25 pence each in the capital of the Company ('Shares') was made on 30 September 2020 under the Tate & Lyle Performance Share Plan 2020 ('PSP') and the Tate & Lyle Group Bonus Plan ('GBP') in respect of the year ended 31 March 2020 to Persons Discharging Managerial Responsibilities ('PDMR') as detailed in the table below:



PDMR


No. of Shares subject to PSP award


No. of Shares subject to GBP award




Nick Hampton


273,295


15,487




Imran Nawaz


193,156


10,946




Rowan Adams


108,743


None




Lindsay Beardsell


154,114


None




Melissa Law


158,187


None




Laura Hagan


123,291


None




Jim Stutelberg


154,359


None




Andrew Taylor


157,475


None





Awards under the PSP are structured as either nil-cost options or conditional awards. Options and awards granted under the PSP will only vest to the extent that certain performance criteria are satisfied by the Company over a three-year performance period which runs from 1 April 2020 to 31 March 2023. These criteria are described in the Annual Report 2020.
 
Further information on the operation of the GBP is provided in the Annual Report 2020.
No consideration is payable for the grant or exercise of the options or awards under the PSP or GBP.
 
Additionally, the Company was informed that 11,299 ordinary shares of 25 pence each in the capital of the Company ('Shares') were released on 30 September 2020 to Melissa Law, a Person Discharging Managerial Responsibilities, in accordance with the Restricted Share Award that was granted to her on 24 November 2017. 5,006 shares were withheld to satisfy tax obligations arising on the release of the Shares. As a result, Ms. Law acquired and retained a total of 6,293 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 665.20 pence per share. No consideration was paid for the acquisition of these Shares.
 
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
2 October 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


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


Grant of nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


273,295




Nil


15,487








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


288,782
 
Nil




e)


Date of the transaction


2020-09-30




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


Imran Nawaz




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


Grant of nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


193,156




Nil


10,946








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


204,102
 
Nil




e)


Date of the transaction


2020-09-30




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


Grant of nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2020




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


108,743








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


108,743
Nil




e)


Date of the transaction


2020-09-30




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


Lindsay Beardsell  




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


Grant of nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2020




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


154,114








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


154,114
 
Nil




e)


Date of the transaction


2020-09-30




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


Melissa Law  




2.


Reason for the notification




a)


Position / status


PDMR - President, Global Operations




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


Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


158,187








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


158,187
 
Nil




e)


Date of the transaction


2020-09-30




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


Laura Hagan




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


Grant of nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2020




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


123,291








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


123,291
 
Nil




e)


Date of the transaction


2020-09-30




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


Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


154,359








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


154,359
 
Nil




e)


Date of the transaction


2020-09-30




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


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


Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


157,475








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


157,475
 
Nil




e)


Date of the transaction


2020-09-30




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


Melissa Law




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


6,293








d)


Aggregated information
-     Aggregated volume 
-     Price 


 
 


6,293
 
Nil




e)


Date of the transaction


2020-09-30




f)


Place of the transaction


Outside a trading venue



 
 
 

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