Director/PDMR Shareholding

RNS Number : 7245O
Tate & Lyle PLC
02 June 2020
 

 

Tate & Lyle PLC

 

Notification of transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 

Tate & Lyle PLC (the 'Company') announces that on 1 June 2020 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'), and the 2012 Performance Share Plan ('PSP').

 

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

 

PDMR

Date of Shares released

No. of Shares acquired under the GBP

No. of Shares acquired under the PSP

No. of Shares transferred to spouse as a gift

Nick Hampton

1 June 2020

11,993

72,164

n/a

Rowan Adams

1 June 2020

6,944

35,275

42,219

Melissa Law

1 June 2020

4,617

52,389

n/a

Andrew Taylor

1 June 2020

1,494

56,814

n/a

Jim Stutelberg

1 June 2020

15,730

55,148

n/a

Harry Boot

1 June 2020

n/a

39,283

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 680.4 pence per Share.

 

No consideration was paid for the acquisition of these Shares.

 

Awards made under the GBP in 2018 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2018.

 

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 2017 to 31 March 2020. The PSP award acquired by Mr Hampton is subject to a further two-year post-vesting holding period.

 

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

2 June 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

Nick Hampton

2.

Reason for the notification

a)

Position / status

PDMR

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

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)

Volume(s)

Nil

84,157

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


84,157

 

Nil

e)

Date of the transaction

2020-06-01

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

Rowan Adams

2.

Reason for the notification

a)

Position / status

PDMR

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

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)

Volume(s)

Nil

42,219

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


42,219

 

Nil

e)

Date of the transaction

2020-06-01

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

Rowan Adams

2.

Reason for the notification

a)

Position / status

PDMR

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

GB0008754136

b)

Nature of the transaction

Transfer of shares as a gift to Sarah Adams, Person Closely Associated

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

42,219

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


42,219

 

Nil

e)

Date of the transaction

2020-06-01

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

Sarah Adams

2.

Reason for the notification

a)

Position / status

PCA to Rowan Adams

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

GB0008754136

b)

Nature of the transaction

Receipt of shares as a gift from Rowan Adams

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

42,219

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


42,219

 

Nil

e)

Date of the transaction

2020-06-01

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

Melissa Law

2.

Reason for the notification

a)

Position / status

PDMR

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

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)

Volume(s)

Nil

57,006

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


57,006

 

Nil

e)

Date of the transaction

2020-06-01

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

Andrew Taylor

2.

Reason for the notification

a)

Position / status

PDMR

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

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)

Volume(s)

Nil

58,308

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


58,308

 

Nil

e)

Date of the transaction

2020-06-01

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

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

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)

Volume(s)

Nil

70,878

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


70,878

 

Nil

e)

Date of the transaction

2020-06-01

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

Harry Boot

2.

Reason for the notification

a)

Position / status

PDMR

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

Identification code

Ordinary shares of 25 pence each in the capital of Tate & Lyle PLC

 

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)

Volume(s)

Nil

39,283

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


39,283

 

Nil

e)

Date of the transaction

2020-06-01

f)

Place of the transaction

Outside a trading venue

 


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