REG - Tate & Lyle PLC - Director/PDMR Shareholding

Tate & LyleAnnouncement

21/08/2019 10:00

RNS Number : 6970J
Tate & Lyle PLC
21 August 2019
 


 
Tate & Lyle PLC
 
Notification of transaction by Person Discharging Managerial Responsibilities
 
Tate & Lyle PLC (the 'Company') was informed that 63,052 ordinary shares of 25 pence each in the capital of the Company ('Shares') were exercised on 19 August 2019 by Imran Nawaz, a Person Discharging Managerial Responsibilities, in accordance with the Restricted Share Award that was granted to him on 9 August 2018. 29,635 shares were withheld to satisfy certain tax obligations arising on the release of the Shares. As a result, Mr Nawaz acquired and retained a total of 33,417 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 705.00 pence per share. No consideration was paid for the acquisition of these Shares. Details of the Restricted Share Award are contained within the Annual Report 2019.
 
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
21 August 2019
 
 
 




 
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


Acquisition of shares following the exercise of nil-cost options over shares for no consideration.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


33,417








d)


Aggregated information
-     Aggregated volume
-     Price


 
 


33,417
 
Nil




e)


Date of the transaction


2019-08-19




f)


Place of the transaction


Outside a trading venue



 
 




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