Tate & Lyle PLC Director/PDMR Shareholding (2647Y)

TIDMTATE

RNS Number : 2647Y

Tate & Lyle PLC

08 September 2020

Tate & Lyle PLC

Notification of transaction by Person Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') was informed that 15,065 ordinary shares of 25 pence each in the capital of the Company ('Shares') were released on 4 September 2020 to Andrew Taylor, a Person Discharging Managerial Responsibilities, in accordance with the Restricted Share Award that was granted to him on 24 November 2017. 6,674 shares were withheld to satisfy tax obligations arising on the release of the Shares. As a result, Mr. Taylor acquired and retained a total of 8,391 Shares. For tax purposes, the market value of the Shares, being the average of the two closing prices on the date of the transaction, was 674.2 pence per share. No consideration was paid for the acquisition of these Shares.

The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Claire-Marie O'Grady

Company Secretary

8 September 2020

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                            Andrew Taylor 
     ------------------------------  -------------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position / status               PDMR 
     ------------------------------  -------------------------------------------- 
 b)   Initial notification            Initial notification 
       / amendment 
     ------------------------------  -------------------------------------------- 
 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                     Ordinary shares of 25 pence each in the 
       of the financial                capital of Tate & Lyle PLC 
       instrument                      GB0008754136 
       Identification 
       code 
     ------------------------------  -------------------------------------------- 
 b)   Nature of the                   Acquisition of shares following the vesting 
       transaction                     of nil-cost conditional awards over shares 
                                       for no consideration. 
     ------------------------------  -------------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         8,391 
                                                   ---------- 
     ------------------------------  -------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     8,391 
 
                                        Nil 
             *    Price 
     ------------------------------  -------------------------------------------- 
 e)   Date of the                     2020-09-04 
       transaction 
     ------------------------------  -------------------------------------------- 
 f)   Place of the                    Outside a trading venue 
       transaction 
     ------------------------------  -------------------------------------------- 
 

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September 08, 2020 05:00 ET (09:00 GMT)