Tate & Lyle PLC Director/PDMR Shareholding

 
TIDMTATE 
 
 

Tate & Lyle PLC

Notification of transactions by Persons Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') announces that it was informed yesterday that on 15 June 2017 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 2012 Performance Share Plan ('PSP') and Restricted Share Award ('RSA') as detailed in the table below:

 
PDMR          Award name  No. of    No.          No. of     No. of Shares 
name                      Shares    of nil-cost  Shares 
                          Shares    options      disposed   retained 
                                                 at 
                          released  exercised    726.97 
                                                 pence 
                                                 per share 
                                                 to 
                                                 pay for 
                                                 tax 
                                                 and sale 
                                                 costs 
Javed         PSP         -         181,9401     85,813     96,127 
Ahmed 
Nick          RSA2        -         121,781      57,439     64,342 
Hampton 
Rowan         PSP         -         22,558       10,640     11,918 
Adams 
Joan          PSP         18,651    -            2,621      16,030 
Braca 
Robert        PSP         -         80,358       37,902     42,456 
Gibber 
Rob           PSP         -         56,200       26,507     29,693 
Luijten 
Pierre        PSP         19,439    -            -          19,439 
Schoumacher 
Jim           PSP         54,408    -            23,478     30,930 
Stutelberg 
 
 

No consideration was paid for the receipt of these Shares.

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 2014 to 31 March 2017 (the '2014 PSP')

 
1     The number of nil-cost options exercised by Mr Ahmed includes 
      152,792 nil-cost options made under the 2014 PSP 
      and 29,148 nil-cost  options made under the PSP granted 
      in 2013 (the '2013 PSP'). Awards  made under the 2013 
      PSP were subject to the satisfaction of  performance conditions 
      over a three year performance period from 1 
      April 2013 to 31 March 2016. Following the transactions, 
      Mr Ahmed  now has an interest in 3,194,977 Shares. 
2     This award was granted to Mr Hampton on 7 July 2015, 
      details of  which are set out in the Annual 
      Report 2015. Following the  transactions, Mr Hampton 
      now has an interest in 186,503 Shares. 
 
 

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Claire-Marie O'GradyCompany Secretary16 June 2017

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Javed Ahmed 
2.   Reason for the notification 
a)   Position / status                        PDMR - Chief Executive 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Exercise of nil-cost options over shares for no consideration 
c)   Price(s) and volume(s)                   Price(s)        Volume(s) 
 
                                              Nil             181,940 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     181,940 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-06-15 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Javed Ahmed 
2.   Reason for the notification 
a)   Position / status                        PDMR - Chief Executive 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Sale of shares to cover tax liabilities and sale costs arising on  exercise of options. 
c)   Price(s) and volume(s)                   Price(s)      Volume(s) 
 
                                              GBP7.26966    85,813 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     85,813 
     -- Price                                 GBP623,831.33 
e)   Date of the transaction                  2017-06-15 
f)   Place of the transaction                 London Stock Exchange 
                                              XLON 
 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Nick Hampton 
2.   Reason for the notification 
a)   Position / status                        PDMR - Chief Financial Officer 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Exercise of nil-cost options over shares for no consideration 
c)   Price(s) and volume(s)                   Price(s)     Volume(s) 
 
                                              Nil          121,781 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     121,781 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-06-15 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Nick Hampton 
2.   Reason for the notification 
a)   Position / status                        PDMR - Chief Financial Officer 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Sale of shares to cover tax liabilities and sale costs arising on  exercise of options. 
c)   Price(s) and volume(s)                   Price(s)      Volume(s) 
 
                                              GBP7.26966    57,439 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     57,439 
     -- Price                                 GBP417,562.00 
e)   Date of the transaction                  2017-06-15 
f)   Place of the transaction                 London Stock Exchange 
                                              XLON 
 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Rowan Adams 
2.   Reason for the notification 
a)   Position / status                        PDMR - Executive Vice President, Corporate Affairs 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Exercise of nil-cost options over shares for no consideration 
c)   Price(s) and volume(s)                   Price(s)   Volume(s) 
 
                                              Nil        22,558 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     22,558 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-06-15 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Rowan Adams 
2.   Reason for the notification 
a)   Position / status                        PDMR - Executive Vice President, Corporate Affairs 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Sale of shares to cover tax liabilities and sale costs arising on  exercise of options. 
c)   Price(s) and volume(s)                   Price(s)     Volume(s) 
 
                                              GBP7.26966   10,640 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     10,640 
     -- Price                                 GBP77,349.18 
e)   Date of the transaction                  2017-06-15 
f)   Place of the transaction                 London Stock Exchange 
                                              XLON 
 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Joan Braca 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Speciality Food Ingredients 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Release of nil-cost conditional awards over shares for no  consideration 
c)   Price(s) and volume(s)                   Price(s)    Volume(s) 
 
                                              Nil         18,651 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     18,651 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-06-15 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Joan Braca 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Speciality Food Ingredients 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Sale of shares to cover tax liabilities and sale costs arising on  release of conditional awards. 
c)   Price(s) and volume(s)                   Price(s)     Volume(s) 
 
                                              GBP7.26966   2,621 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     2,621 
     -- Price                                 GBP19,053.78 
e)   Date of the transaction                  2017-06-15 
f)   Place of the transaction                 London Stock Exchange 
                                              XLON 
 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Robert Gibber 
2.   Reason for the notification 
a)   Position / status                        PDMR - Executive Vice President and General Counsel 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Exercise of nil-cost options over shares for no consideration 
c)   Price(s) and volume(s)                   Price(s)   Volume(s) 
 
                                              Nil        80,358 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     80,358 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-06-15 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Robert Gibber 
2.   Reason for the notification 
a)   Position / status                        PDMR - Executive Vice President and General Counsel 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Sale of shares to cover tax liabilities and sale costs arising on  exercise of options. 
c)   Price(s) and volume(s)                   Price(s)      Volume(s) 
 
                                              GBP7.26966    37,902 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     37,902 
     -- Price                                 GBP275,534.65 
e)   Date of the transaction                  2017-06-15 
f)   Place of the transaction                 London Stock Exchange 
                                              XLON 
 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Rob Luijten 
2.   Reason for the notification 
a)   Position / status                        PDMR - Executive Vice President, Human Resources 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Exercise of nil-cost options over shares for no consideration 
c)   Price(s) and volume(s)                   Price(s)    Volume(s) 
 
                                              Nil         56,200 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     56,200 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-03-31 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Rob Luijten 
2.   Reason for the notification 
a)   Position / status                        PDMR - Executive Vice President, Human Resources 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Sale of shares to cover tax liabilities and sale costs arising on  exercise of options. 
c)   Price(s) and volume(s)                   Price(s)     Volume(s) 
 
                                              GBP7.26966   26,507 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     26,507 
     -- Price                                 GBP192,696.88 
e)   Date of the transaction                  2017-06-15 
f)   Place of the transaction                 London Stock Exchange 
                                              XLON 
 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Pierre Schoumacher 
2.   Reason for the notification 
a)   Position / status                        PDMR - 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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Release of nil-cost conditional awards over shares for no  consideration 
c)   Price(s) and volume(s)                   Price(s)   Volume(s) 
 
                                              Nil        19,439 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     19,439 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-06-15 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Jim Stutelberg 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Bulk Ingredients 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Release of nil-cost conditional awards over shares for no  consideration 
c)   Price(s) and volume(s)                   Price(s)   Volume(s) 
 
                                              Nil        54,408 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     54,408 
     -- Price                                 Nil 
e)   Date of the transaction                  2017-06-15 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Jim Stutelberg 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Bulk Ingredients 
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  Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC 
     Identification code 
                                              GB0008754136 
b)   Nature of the transaction                Sale of shares to cover tax liabilities and sale costs arising on  release of conditional awards. 
c)   Price(s) and volume(s)                   Price(s)     Volume(s) 
 
                                              GBP7.26966   23,478 
 
d)   Aggregated 
     information 
     -- Aggregated volume                     23,478 
     -- Price                                 GBP170,677.08 
e)   Date of the transaction                  2017-06-15 
f)   Place of the transaction                 London Stock Exchange 
                                              XLON 
 
 
 
 

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(END) Dow Jones Newswires

June 16, 2017 11:20 ET (15:20 GMT)