REG - Tate & Lyle PLC - Director/PDMR Shareholding
07/06/2023 14:30
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RNS Number : 9867B Tate & Lyle PLC 07 June 2023
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial
Responsibilities
Tate & Lyle PLC (the 'Company') announces that on 6 June 2023 the
following transactions occurred by Persons Discharging Managerial
Responsibilities ('PDMR') in respect of their interests in ordinary shares of
29 1/6 pence each in the capital of the Company ('Shares') under the Tate
& Lyle Group Bonus Plan ('GBP') and the 2020 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 Shares released/exercised No. of Shares acquired under the GBP No. of Shares acquired under the PSP
Nick Hampton 6 June 2023 17,063 100,668
Rowan Adams 6 June 2023 2,909 40,055
Lindsay Beardsell 6 June 2023 4,123 56,767
Melissa Law 6 June 2023 6,917 82,081
Andrew Taylor 6 June 2023 6,487 101,370
Dawn Allen 6 June 2023 n/a 57,772
Victoria Spadaro Grant 6 June 2023 n/a 59,038
Bill Magee 6 June 2023 n/a 19,991
For tax purposes, the market value of the Shares was 795 pence per Share. No
consideration was paid for the acquisition of these Shares.
Awards made under the GBP in 2021 were subject to the satisfaction of
employment conditions. Details of the operation of the GBP are contained
within the Annual Report 2021.
Awards made under the PSP in 2020 are subject to the satisfaction of
performance conditions over a three-year performance period, which in this
case ran from 1 April 2020 to 31 March 2023. The PSP award acquired by Mr.
Hampton is subject to a further two-year post-vesting holding period.
Mr. Adams subsequently sold 40,055 Shares on 6 June 2023, at a sale price of
788.5 pence per Share. Mr. Adams continues to comply with the Executive
Shareholding Policy of three times base salary.
Ms. Allen's Shares were acquired in connection with an appointment award,
announced on 9 February 2022. These Shares are not subject to a two-year
post-vesting holding period.
The notifications below, which have been made in accordance with the
requirements of the UK Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
7 June 2023
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 Acquisition of shares under the GBP and PSP following the release of a
nil-cost conditional award and the exercise of nil-cost options over shares
for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 100,668
Nil 17,063
d) Aggregated information
- Aggregated volume
- Price 117,731
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
117,731
Nil
e)
Date of the transaction
2023-06-06
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 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 Acquisition of shares under the GBP and PSP following the release of a
nil-cost conditional award and the exercise of nil-cost options over shares
for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 2,909
Nil 40,055
d) Aggregated information
- Aggregated volume
- Price 42,964
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
42,964
Nil
e)
Date of the transaction
2023-06-06
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 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 Sale of shares
c) Price(s) and volume(s) Price(s) Volume(s)
£7.885 40,055
d) Aggregated information
- Aggregated volume
- Price 40,055
£315,833.675
e) Date of the transaction 2023-06-06
f) Place of the transaction XLON
d)
Aggregated information
- Aggregated volume
- Price
40,055
£315,833.675
e)
Date of the transaction
2023-06-06
f)
Place of the transaction
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 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 Acquisition of shares under the GBP and PSP following the release of a
nil-cost conditional award and the exercise of nil-cost options over shares
for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 56,767
Nil 4,123
d) Aggregated information
- Aggregated volume
- Price 60,890
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
60,890
Nil
e)
Date of the transaction
2023-06-06
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 Acquisition of shares under the PSP and GBP following the release of nil-cost
conditional awards over shares for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 82,081
Nil 6,917
d) Aggregated information
- Aggregated volume
- Price 88,998
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
88,998
Nil
e)
Date of the transaction
2023-06-06
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 Acquisition of shares under the PSP and GBP following the release of nil-cost
conditional awards over shares for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 101,370
Nil 6,487
d) Aggregated information
- Aggregated volume
- Price 107,857
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
107,857
Nil
e)
Date of the transaction
2023-06-06
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 Acquisition of shares under the PSP following the release of nil-cost
conditional awards over shares for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 57,772
d) Aggregated information
- Aggregated volume
- Price 57,772
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
57,772
Nil
e)
Date of the transaction
2023-06-06
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 and 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 Acquisition of shares under the PSP following the exercise of nil-cost options
over shares for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 59,038
d) Aggregated information
- Aggregated volume
- Price 59,038
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
59,038
Nil
e)
Date of the transaction
2023-06-06
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 (William) Magee
2. Reason for the notification
a) Position / status President, Food & Beverage Solutions, North 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 Acquisition of shares under the PSP following the release of nil-cost
conditional awards over shares for no consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 19,991
d) Aggregated information
- Aggregated volume
- Price 19,991
Nil
e) Date of the transaction 2023-06-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
19,991
Nil
e)
Date of the transaction
2023-06-06
f)
Place of the transaction
Outside a trading venue
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