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 it was informed on 25 May 2018 that 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').

Following the withholding of Shares to satisfy certain tax obligations arising on the release of Shares, the PDMR's interests in Shares changed as detailed in the table below:

 
PDMR             Date of Transaction  No. of Shares acquired under the GBP 
Joan Braca       25 May 2018          4,965 
Jim Stutelberg   25 May 2018          9,079 
 
 

For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 670.80 pence per Share on 25 May 2018.

No consideration was paid for the acquisition of these Shares. These awards were made under the GBP in 2016 and were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2016.

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

29 May 2018

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                                     Joan Braca 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Food & Beverage Solutions 
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        4,965 
 
d)   Aggregated information 
                                              4,965 
     Aggregated volume  Price 
                                              Nil 
e)   Date of the transaction                  2018-05-25 
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                                     Jim Stutelberg 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Primary Products 
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       9,079 
 
d)   Aggregated information 
                                              9,079 
     Aggregated volume  Price 
                                              Nil 
e)   Date of the transaction                  2018-05-25 
f)   Place of the transaction                 Outside a trading venue 
 
 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20180529006012/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

May 29, 2018 12:54 ET (16:54 GMT)