TIDMTATE

Tate & Lyle PLC

Notification of transactions by Persons Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') announces that it was informed yesterday 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 2016 Conditional Share Award programme ('CSA').

No consideration was paid for the acquisition of these Shares. 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.

Following the withholding of Shares to satisfy certain tax obligations arising on the exercise of nil-cost options or 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 CSA 
Rowan Adams      4 April 2018         25,144 
Joan Braca       3 April 2018         37,814 
Jim Stutelberg   3 April 2018         25,170

For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 542.4 pence per Share on 4 April 2018 and 537.6 pence per Share on 3 April 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'Grady Company Secretary 5 April 2018

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
     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)  25,144 
 
d)   Aggregated information                   25,144  Nil 
 
     Aggregated volumePrice 
e)   Date of the transaction                  2017-04-04 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Joan Braca 
2.   Reason for the notification 
a)   Position / status                        PDMR - President, Speciality Food Ingredients 
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)  37,814 
 
d)   Aggregated information                   37,814  Nil 
 
     Aggregated volumePrice 
e)   Date of the transaction                  2017-04-03 
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

 
     Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Jim Stutelberg 
2.   Reason for the notification 
a)   Position / status                        PDMR - 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  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)  25,170 
 
d)   Aggregated information                   25,170  Nil 
 
     Aggregated volumePrice 
e)   Date of the transaction                  2017-04-03 
f)   Place of the transaction                 Outside a trading venue

View source version on businesswire.com:https://www.businesswire.com/news/home/20180405005843/en/

 
This information is provided by Business Wire

(END) Dow Jones Newswires

April 05, 2018 11:31 ET (15:31 GMT)

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