Tate & Lyle PLC Commencement of Share Purchase Programme

 
TIDMTATE 
 
 

Tate & Lyle PLC (the "Company")

Commencement of Share Purchase Programme

The Company announces that it will today commence a share purchase programme over 2,000,000 of its ordinary shares of 25 pence each in the capital of the Company (the "Share Purchase Programme").

Any purchase of ordinary shares done in relation to this announcement will be carried out on the London Stock Exchange and executed in accordance with the Listing Rules and the Company's general authority to make market purchases of its ordinary shares. The Company intends to hold these shares in Treasury to satisfy awards made under employee performance share plans.

The maximum pecuniary amount allocated to the Share Purchase Programme is GBP15 million and the maximum number of ordinary shares that will be purchased under the Share Purchase Programme is 2,000,000. The Share Purchase Programme will commence on 13 January 2017 and will end no later than the expiry of the authority obtained at the Company's last AGM on 21 July 2016. This authority expires at the latest on 30 September 2017, or, if earlier, the date of the Company's 2017 Annual General Meeting.

This announcement is made in accordance with the Market Abuse Regulation 596/2014.

Robert Gibber

Company Secretary

13 January 2017

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(END) Dow Jones Newswires

January 13, 2017 04:43 ET (09:43 GMT)