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 on 4 June 2018 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'), the 2012 Performance Share Plan ('PSP') and the 2016 Conditional Share Award plan ('CSA').

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                No. of Shares  No. of Shares  No. of Shares 
                 of                  acquired       acquired       acquired 
                 Shares              under the GBP  under the PSP  under the CSA 
                 released/exercised 
Rowan Adams      4 June 2018         6,835          49,469         n/a 
Joan Braca       4 June 2018         n/a            91,601         n/a 
Rob Luijten      4 June 2018         8,103          58,642         12,613 
Jim Stutelberg   4 June 2018         n/a            80,807         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 681.80 pence per Share.

No consideration was paid for the acquisition of these Shares.

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.

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 2015 to 31 March 2018.

Awards made under the CSA were subject to certain Company-based financial performance criteria satisfied over a performance period which ran from 1 April 2016 to 31 March 2017. The Awards were further subject to a 12-month deferral period and continued employment to 31 March 2018.

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 Secretary

6 June 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                                     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                Acquisition of shares following the exercise of nil-cost options  over shares for no consideration. 
c)   Price(s) and volume(s)                   Price(s)Nil 
                                              Volume(s)56,304 
 
d)   Aggregated information                   56,304Nil 
 
     Aggregated volume  Price 
e)   Date of the transaction                  2018-06-04 
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                                     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                Acquisition of shares following the release of nil-cost conditional  awards over shares for no consideration. 
c)   Price(s) and volume(s)                   Price(s) 
                                              Nil 
                                              Volume(s)91,601 
 
d)   Aggregated information 
                                              91,601Nil 
     Aggregated volume  Price 
e)   Date of the transaction                  2018-06-04 
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                Acquisition of shares following the release of nil-cost conditional  awards over shares for no consideration. 
c)   Price(s) and volume(s)                   Price(s)Nil 
                                              Volume(s)80,807 
 
d)   Aggregated information                   80,807Nil 
 
     Aggregated volume  Price 
e)   Date of the transaction                  2018-06-04 
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                                     Rob Luijten 
2.   Reason for the notification 
a)   Position / status                        PDMR - Executive Vice President, HR 
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                Acquisition of shares following the exercise of nil-cost options  over shares for no consideration. 
c)   Price(s) and volume(s)                   Price(s)Nil 
                                              Volume(s)79,358 
 
d)   Aggregated information                   79,358Nil 
 
     Aggregated volume  Price 
e)   Date of the transaction                  2018-06-04 
f)   Place of the transaction                 Outside a trading venue 
 
 
 
 

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(END) Dow Jones Newswires

June 06, 2018 13:21 ET (17:21 GMT)