Tate & Lyle PLC Director/PDMR Shareholding

 
TIDMTATE 
 
 

Tate & Lyle PLC

Notification of transaction by Persons Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') announces that in accordance with the incentive arrangements relating to the recruitment of Melissa Law, President, Global Operations, and Andrew Taylor, President, Innovation and Commercial Development (who both joined the Company in September 2017) a grant of awards over the Company's ordinary shares of 25 pence each in the capital of the Company ('Shares') was made today as detailed in the table below:

 
Person discharging managerial   Performance Share  Restricted Share 
responsibilities ('PDMR')       Plan ('PSP')       Award ('RSA') 
Melissa Law                     150,491            22,597 
Andrew Taylor                   163,200            45,193 
 
 

The PSP Award is subject to the performance conditions that apply to awards made under the Performance Share Plan 2012 during the year ending 31 March 2018 and accordingly will only vest to the extent that these performance conditions are satisfied by the Company over a three-year performance period which runs from 1 April 2017 to 31 March 2020. These criteria are described in the Annual Report 2017. No consideration is payable for the grant or release of the awards.

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

24 November 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                                     Melissa Law 
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                Grant of a conditional award over shares for no consideration under  the Tate & Lyle Performance Share Plan 2012 and Restricted Share  Award programme 
c)   Price(s) and volume(s)                   Price(s)   Volume(s) 
                                              Nil        173,088 
 
d)   Aggregated information 
 
     Aggregated volume  Price               173,088 
                                              Nil 
e)   Date of the transaction                  2017-11-24 
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                                     Andrew Taylor 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Innovation and Commercial Development 
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                Grant of a conditional award over shares for no consideration under  the Tate & Lyle Performance Share Plan 2012 and Restricted Share  Award programme 
c)   Price(s) and volume(s)                   Price(s)    Volume(s) 
                                              Nil         208,393 
 
d)   Aggregated information 
 
     Aggregated volume  Price               208,393 
                                              Nil 
e)   Date of the transaction                  2017-11-24 
f)   Place of the transaction                 Outside a trading venue 
 
 
 
 

View source version on businesswire.com: http://www.businesswire.com/news/home/20171124005128/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

November 24, 2017 07:54 ET (12:54 GMT)