TIDMTATE
RNS Number : 2144B
Tate & Lyle PLC
05 June 2019
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 3 June
2019 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 No. of Shares acquired No. of Shares acquired No. of Shares
released/exercised under the GBP under the PSP transferred to spouse
as a gift
Rowan Adams 3 June 2019 10,252 51,565 61,817
------------------------- ----------------------- ----------------------- -----------------------
Joan Braca 3 June 2019 n/a* 65,847 n/a
------------------------- ----------------------- ----------------------- -----------------------
Nick Hampton 3 June 2019 21,591 105,760 333,000
------------------------- ----------------------- ----------------------- -----------------------
Jim Stutelberg 3 June 2019 n/a* 76,655 n/a
------------------------- ----------------------- ----------------------- -----------------------
* Shares were acquired under the GBP on 23 May 2019 as announced
on 28 May 2019.
As a result of these transactions, Mr Hampton's total interest
in Shares (including Shares held by connected persons) is
460,811.
For tax purposes, the market value of the Shares, being the
average of the two close prices on the date of the transaction, was
725.80 pence per Share.
No consideration was paid for the acquisition of these
Shares.
Awards made under the GBP in 2017 were subject to the
satisfaction of employment conditions. Details of the operation of
the GBP are contained within the Annual Report 2017.
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 2016 to 31 March 2019. 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
5 June 2019
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 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 exercise
transaction of nil-cost options over shares for no
consideration.
------------------------------ ---------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 61,817
----------
------------------------------ ---------------------------------------------
d) Aggregated information
* Aggregated volume 61,817
Nil
* Price
------------------------------ ---------------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ ---------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ---------------------------------------------
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 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 Transfer of shares as a gift to Sarah
transaction Adams, Person Closely Associated
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 61,817
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 61,817
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ ----------------------------------------
f) Place of the London Stock Exchange
transaction 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 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 Receipt of shares as a gift from Rowan
transaction Adams
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 61,817
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 61,817
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ ----------------------------------------
f) Place of the London Stock Exchange
transaction 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 Joan Braca
------------------------------ --------------------------------------------
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 release
transaction of nil-cost conditional awards over shares
for no consideration.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 65,847
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 65,847
Nil
* Price
------------------------------ --------------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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 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 exercise
transaction of nil-cost options over shares for no
consideration.
------------------------------ ---------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 127,351
----------
------------------------------ ---------------------------------------------
d) Aggregated information
* Aggregated volume 127,351
Nil
* Price
------------------------------ ---------------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ ---------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ---------------------------------------------
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 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 Transfer of shares as a gift to Alison
transaction Hampton, Person Closely Associated
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 333,000
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 333,000
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ ----------------------------------------
f) Place of the London Stock Exchange
transaction 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 Alison Hampton
------------------------------ ----------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status PCA to Nick Hampton
------------------------------ ----------------------------------------
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 Receipt of shares as a gift from Nick
transaction Hampton
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 333,000
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 333,000
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ ----------------------------------------
f) Place of the London Stock Exchange
transaction 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 Jim Stutelberg
------------------------------ --------------------------------------------
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 release
transaction of nil-cost conditional awards over shares
for no consideration.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 76,655
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 76,655
Nil
* Price
------------------------------ --------------------------------------------
e) Date of the 2019-06-03
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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END
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