Director/PDMR Shareholding

RNS Number : 3800B
Tate & Lyle PLC
09 June 2021
 

 

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 7 June 2021 the following transactions occurred by Persons Discharging Managerial Responsibilities ('PDMR') and their Persons Closely Associated ('PCA') in respect of their interests in ordinary shares of 25 pence each in the capital of the Company ('Shares') under the Tate & Lyle 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 Shares released

No. of Shares acquired

No. of Shares transferred to PCA as a gift

Nick Hampton

7 June 2021

100,332

n/a

Rowan Adams

7 June 2021

39,921

39,921

Melissa Law

7 June 2021

65,653

n/a

Andrew Taylor

7 June 2021

59,049

n/a

Jim Stutelberg

7 June 2021

68,599

n/a

Lindsay Beardsell

7 June 2021

52,806

n/a

 

For tax purposes, the market value of the Shares was 791.4 pence per Share.

 

No consideration was paid for the acquisition of these Shares.

 

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 2018 to 31 March 2021. 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 Market Abuse Regulation, provide further detail.

 

Claire-Marie O'Grady

Company Secretary

9 June 2021

 

 

 

 

 

 

 

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

Chief Executive

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

100,332

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


100,332

 

Nil

e)

Date of the transaction

2021-06-07

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

EVP 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

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

39,921

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


39,921

 

Nil

e)

Date of the transaction

2021-06-07

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

EVP 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

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

39,921

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


39,921

 

Nil

e)

Date of the transaction

2021-06-07

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 

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

39,921

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


39,921

 

Nil

e)

Date of the transaction

2021-06-07

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 

 

 

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

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

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

65,653

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


65,653

 

Nil

e)

Date of the transaction

2021-06-07

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

President, Emerging Markets

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

59,049

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


59,049

 

Nil

e)

Date of the transaction

2021-06-07

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

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

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

68,599

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


68,599

 

Nil

e)

Date of the transaction

2021-06-07

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

Lindsay Beardsell

2.

Reason for the notification

a)

Position / status

EVP, General Counsel

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

52,806

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 


52,806

 

Nil

e)

Date of the transaction

2021-06-07

f)

Place of the transaction

Outside a trading venue

 

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Tate & Lyle (TATE)
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