TIDMTATE
RNS Number : 7245O
Tate & Lyle PLC
02 June 2020
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 No. of Shares acquired No. of Shares
under the GBP under the PSP 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 Initial notification
/ amendment
------------------------------ ---------------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ ---------------------------------------------
b) Nature of the Acquisition of shares following the exercise
transaction of nil-cost options over shares for no
consideration.
------------------------------ ---------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 84,157
----------
------------------------------ ---------------------------------------------
d) Aggregated information
* Aggregated volume 84,157
Nil
* Price
------------------------------ ---------------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ ---------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ---------------------------------------------
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 Initial notification
/ amendment
------------------------------ ---------------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ ---------------------------------------------
b) Nature of the Acquisition of shares following the exercise
transaction of nil-cost options over shares for no
consideration.
------------------------------ ---------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 42,219
----------
------------------------------ ---------------------------------------------
d) Aggregated information
* Aggregated volume 42,219
Nil
* Price
------------------------------ ---------------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ ---------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ---------------------------------------------
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 Initial notification
/ amendment
------------------------------ ----------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ ----------------------------------------
b) Nature of the Transfer of shares as a gift to Sarah
transaction Adams, Person Closely Associated
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 42,219
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 42,219
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ ----------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ----------------------------------------
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 Initial notification
/ amendment
------------------------------ ----------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ ----------------------------------------
b) Nature of the Receipt of shares as a gift from Rowan
transaction Adams
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 42,219
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 42,219
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ ----------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ----------------------------------------
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 Initial notification
/ amendment
------------------------------ --------------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ --------------------------------------------
b) Nature of the Acquisition of shares following the release
transaction of nil-cost conditional awards over shares
for no consideration.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 57,006
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 57,006
Nil
* Price
------------------------------ --------------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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 Initial notification
/ amendment
------------------------------ --------------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ --------------------------------------------
b) Nature of the Acquisition of shares following the release
transaction of nil-cost conditional awards over shares
for no consideration.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 58,308
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 58,308
Nil
* Price
------------------------------ --------------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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 Initial notification
/ amendment
------------------------------ --------------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ --------------------------------------------
b) Nature of the Acquisition of shares following the release
transaction of nil-cost conditional awards over shares
for no consideration.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 70,878
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 70,878
Nil
* Price
------------------------------ --------------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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 Initial notification
/ amendment
------------------------------ --------------------------------------------
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 Ordinary shares of 25 pence each in the
of the financial capital of Tate & Lyle PLC
instrument GB0008754136
Identification
code
------------------------------ --------------------------------------------
b) Nature of the Acquisition of shares following the release
transaction of nil-cost conditional awards over shares
for no consideration.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 39,283
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 39,283
Nil
* Price
------------------------------ --------------------------------------------
e) Date of the 2020-06-01
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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END
DSHUUVSRRRUNRAR
(END) Dow Jones Newswires
June 02, 2020 10:56 ET (14:56 GMT)
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