REG - Tate & Lyle PLC - Director/PDMR Shareholding
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
Tate & Lyle PLC (the 'Company') announces that on 1 June 2020 the following transactions occurred by Persons Discharging Managerial Responsibilities ("PDMR") in respect of their interests in ordinary shares of 25 pence each in the capital of the Company ('Shares') under the Tate & Lyle Group Bonus Plan ('GBP'), and the 2012 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 of Shares released
No. of Shares acquired under the GBP
No. of Shares acquired under the PSP
No. of Shares transferred to spouse as a gift
Nick Hampton
1 June 2020
11,993
72,164
n/a
Rowan Adams
1 June 2020
6,944
35,275
42,219
Melissa Law
1 June 2020
4,617
52,389
n/a
Andrew Taylor
1 June 2020
1,494
56,814
n/a
Jim Stutelberg
1 June 2020
15,730
55,148
n/a
Harry Boot
1 June 2020
n/a
39,283
n/a
For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 680.4 pence per Share.
No consideration was paid for the acquisition of these Shares.
Awards made under the GBP in 2018 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2018.
Awards made under the PSP are subject to the satisfaction of performance conditions over a three year performance period, which in this case ran from 1 April 2017 to 31 March 2020. The PSP award acquired by Mr Hampton is subject to a further two-year post-vesting holding period.
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 June 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
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
84,157
d)
Aggregated information
- Aggregated volume
- Price
84,157
Nil
e)
Date of the transaction
2020-06-01
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
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
42,219
d)
Aggregated information
- Aggregated volume
- Price
42,219
Nil
e)
Date of the transaction
2020-06-01
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
Transfer of shares as a gift to Sarah Adams, Person Closely Associated
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
42,219
d)
Aggregated information
- Aggregated volume
- Price
42,219
Nil
e)
Date of the transaction
2020-06-01
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
Sarah Adams
2.
Reason for the notification
a)
Position / status
PCA to Rowan Adams
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
Receipt of shares as a gift from Rowan Adams
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
42,219
d)
Aggregated information
- Aggregated volume
- Price
42,219
Nil
e)
Date of the transaction
2020-06-01
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 release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
57,006
d)
Aggregated information
- Aggregated volume
- Price
57,006
Nil
e)
Date of the transaction
2020-06-01
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
Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
58,308
d)
Aggregated information
- Aggregated volume
- Price
58,308
Nil
e)
Date of the transaction
2020-06-01
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
Acquisition of shares following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
70,878
d)
Aggregated information
- Aggregated volume
- Price
70,878
Nil
e)
Date of the transaction
2020-06-01
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
Harry Boot
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 release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
39,283
d)
Aggregated information
- Aggregated volume
- Price
39,283
Nil
e)
Date of the transaction
2020-06-01
f)
Place of the transaction
Outside a trading venue
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