REG - Tate & Lyle PLC - Director/PDMR Shareholding
04/08/2022 15:00
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RNS Number : 9851U Tate & Lyle PLC 04 August 2022
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial
Responsibilities
Tate & Lyle PLC (the 'Company') announces that a grant of awards over the
Company's ordinary shares of 29 1/6 pence each in the capital of the Company
('Shares') was made on 3 August 2022 under the Tate & Lyle Performance
Share Plan 2020 ('PSP') and the Tate & Lyle Group Bonus Plan 2011 ('GBP')
in respect of the year ended 31 March 2022 to Persons Discharging Managerial
Responsibilities ('PDMR') as detailed in the table below:
PDMR Number of Shares subject to PSP award Number of Shares subject to GBP award
Nick Hampton 296,771 190
Dawn Allen 197,875 -
Rowan Adams 118,075 -
Lindsay Beardsell 167,340 -
Laura Hagan 133,872 -
Melissa Law 166,151 -
Victoria Spadaro Grant 174,033 4,741
Bill Magee 124,086 -
Andrew Taylor 184,592 1,236
Awards under the PSP and GBP are structured as conditional awards. 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 2022 to 31 March 2025. Further information on the
operation of the GBP is provided in the Annual Report 2022. No consideration
is payable for the grant of the awards under the PSP or GBP.
The Company additionally announces that in accordance with the remuneration
arrangements relating to the recruitment of Dawn Allen, Chief Financial
Officer, as announced on 9 February 2022, a grant of nil-cost conditional
awards over the Company's Shares was made to Dawn Allen on 3 August 2022 as
follows:
Award name No. of Shares Value of award upon grant Vesting Date
Award A 109,005 £785,000 After 16 May 2023
Award B 131,917 £950,000 After 31 March 2024
Award A will only vest to the extent that certain performance criteria are
satisfied by Ms. Allen. Award B is subject to the performance conditions that
apply to awards made under the Tate & Lyle 2020 PSP and will only vest to
the extent that these performance conditions are satisfied by the Company over
a three-year performance period which runs from 1 April 2021 to 31 March 2024.
These awards are governed by an Award Deed dated 3 August 2022 and the rules
of the PSP.
Further to the announcements above, the Company announces that on 3 August
2022, Alison Hampton, a Person Closely Associated to Nick Hampton, Chief
Executive, transferred 17,142 Shares to Nick Hampton as a gift.
The notifications below, which have been made in accordance with the
requirements of the Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
4 August 2022
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 Chief Executive
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
b) Nature of the transaction Grant of conditional awards 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 296,771
Nil 190
d) Aggregated information
- Aggregated volume
- Price 296,961
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
296,961
Nil
e)
Date of the transaction
2022-08-03
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 Dawn Allen
2. Reason for the notification
a) Position / status Chief Financial Officer
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
b) Nature of the transaction Grant of conditional 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 197,875
Nil 109,005
Nil 131,917
d) Aggregated information
- Aggregated volume
- Price 438,797
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
438,797
Nil
e)
Date of the transaction
2022-08-03
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 Executive Group VP, Corporate Affairs
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
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 118,075
d) Aggregated information
- Aggregated volume
- Price
118,075
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
118,075
Nil
e)
Date of the transaction
2022-08-03
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 Lindsay Beardsell
2. Reason for the notification
a) Position / status Executive VP, General Counsel
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
b) Nature of the transaction Grant of a conditional 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 167,340
d) Aggregated information
- Aggregated volume 167,340
- Price
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
167,340
Nil
e)
Date of the transaction
2022-08-03
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 Laura Hagan
2. Reason for the notification
a) Position / status Chief Human Resources Officer
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
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 133,872
d) Aggregated information
- Aggregated volume
- Price 133,872
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
133,872
Nil
e)
Date of the transaction
2022-08-03
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 Melissa Law
2. Reason for the notification
a) Position / status 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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
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 166,151
d) Aggregated information
- Aggregated volume
- Price 166,151
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
166,151
Nil
e)
Date of the transaction
2022-08-03
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 Victoria Spadaro Grant
2. Reason for the notification
a) Position / status President, Innovation & Commercial Development
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
b) Nature of the transaction Grant of conditional awards 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 174,033
Nil 4,741
d) Aggregated information
- Aggregated volume
- Price 178,774
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
178,774
Nil
e)
Date of the transaction
2022-08-03
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 Bill Magee
2. Reason for the notification
a) Position / status President, Food & Beverage Solutions
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
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 124,086
d) Aggregated information
- Aggregated volume
- Price 124,086
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
124,086
Nil
e)
Date of the transaction
2022-08-03
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 Andrew Taylor
2. Reason for the notification
a) Position / status President Asia, Middle East, Africa and Latin America
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
b) Nature of the transaction Grant of conditional awards 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 184,592
Nil 1,236
d) Aggregated information
- Aggregated volume
185,828
- Price
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
185,828
Nil
e)
Date of the transaction
2022-08-03
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 Chief Executive
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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
b) Nature of the transaction Receipt of shares as a gift
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,142
d) Aggregated information
- Aggregated volume
17,142
- Price
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
17,142
Nil
e)
Date of the transaction
2022-08-03
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 Alison Hampton
2. Reason for the notification
a) Position / status Person Closely Associated with 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 Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
Identification code
GB00BP92CJ43
b) Nature of the transaction Transfer of shares as a gift
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,142
d) Aggregated information
- Aggregated volume
17,142
- Price
Nil
e) Date of the transaction 2022-08-03
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
17,142
Nil
e)
Date of the transaction
2022-08-03
f)
Place of the transaction
Outside a trading venue
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