RNS Number : 5523L
Tate & Lyle PLC
22 April 2024
 

 

Tate & Lyle PLC

 

Notification of transactions by Persons Discharging Managerial Responsibilities

 

Tate & Lyle PLC (the 'Company') announces that ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') were released on 18 April 2024 to Bill Magee and Melissa Law, Persons Discharging Managerial Responsibilities.

 

This release of 6,980 Shares to Bill Magee and 5,028 Shares to Melissa Law corrects the withholding of tax applied to the release of Shares to Bill and Melissa on 2 April 2024 pursuant to the vesting of their Restricted Share Awards (announced on 4 April 2024, RNS Number: 3412J). For tax purposes, the market value of the Shares remains 608.5 pence per Share. No consideration was paid for the acquisition of these Shares.

 

A summary table of the number of Shares issued to correct the withholding of tax on the awards is below:

 

 

Column A

Column B

Column C

Column D

Column E

PDMR

Number of Shares subject to RSA

Initial number of Shares withheld to satisfy tax obligations

Total number of Shares that should have been withheld to satisfy tax obligations

Additional Shares released on 18 April 2024 to correct over-withholding (Column B)

 

(Column B minus Column C)

Total (corrected) number of Shares retained from RSA

 

(Column A minus Column C)

Bill Magee

33,739

19,762

12,782

6,980

20,957

Melissa Law

103,813

43,424

38,396

5,028

65,417

 

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

22 April 2024

 

 



 

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, 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

Identification code

Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC

 

GB00BP92CJ43

b)

Nature of the transaction

Additional release of shares (acquisition by the PDMR) due to over-withholding of tax on release of RSA award on 2 April 2024.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

6,980

d)

Aggregated information

-     Aggregated volume

-     Price

 

 


6,980

 

Nil

e)

Date of the transaction

2024-04-18

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

Identification code

Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC

 

GB00BP92CJ43

b)

Nature of the transaction

Additional release of shares (acquisition by the PDMR) due to over-withholding of tax on release of RSA award on 2 April 2024.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

5,028

d)

Aggregated information

-     Aggregated volume

-     Price

 

 


5,028

 

Nil

e)

Date of the transaction

2024-04-18

f)

Place of the transaction

Outside a trading venue

 

 

 

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