REG - Tate & Lyle PLC - Director/PDMR Shareholding
RNS Number : 7678HTate & Lyle PLC07 December 2020Tate & Lyle PLC
Notification of transaction by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that a grant of nil-cost options over the Company's ordinary shares of 25 pence each in the capital of the Company ('Shares') was made on 3 December 2020 under the Tate & Lyle Performance Share Plan 2020 ('PSP') to the Person Discharging Managerial Responsibilities ('PDMR') detailed in the table below:
PDMR
No. of Shares subject to award
Victoria Spadaro Grant
160,278
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. No consideration is payable for the grant or exercise of the options.
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
7 December 2020
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Victoria Spadaro Grant
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 awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
160,278
d)
Aggregated information
- Aggregated volume
- Price
160,278
Nil
e)
Date of the transaction
2020-12-03
f)
Place of the transaction
Outside a trading venue
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