Tate & Lyle PLC Director/PDMR Shareholding
June 06 2018 - 12:21PM
UK Regulatory
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
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180606006143/en/
This information is provided by Business Wire
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