TIDMTATE
RNS Number : 9551A
Tate & Lyle PLC
02 October 2020
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial
Responsibilities
Tate & Lyle PLC (the 'Company') announces that a grant of
options and awards over the Company's ordinary shares of 25 pence
each in the capital of the Company ('Shares') was made on 30
September 2020 under the Tate & Lyle Performance Share Plan
2020 ('PSP') and the Tate & Lyle Group Bonus Plan ('GBP') in
respect of the year ended 31 March 2020 to Persons Discharging
Managerial Responsibilities ('PDMR') as detailed in the table
below:
PDMR No. of Shares subject to PSP award No. of Shares subject to GBP award
Nick Hampton 273,295 15,487
----------------------------------- -----------------------------------
Imran Nawaz 193,156 10,946
----------------------------------- -----------------------------------
Rowan Adams 108,743 None
----------------------------------- -----------------------------------
Lindsay Beardsell 154,114 None
----------------------------------- -----------------------------------
Melissa Law 158,187 None
----------------------------------- -----------------------------------
Laura Hagan 123,291 None
----------------------------------- -----------------------------------
Jim Stutelberg 154,359 None
----------------------------------- -----------------------------------
Andrew Taylor 157,475 None
----------------------------------- -----------------------------------
Awards under the PSP are structured as either nil-cost options
or conditional awards. Options and awards granted under the PSP
will only vest to the extent that certain performance criteria are
satisfied by the Company over a three-year performance period which
runs from 1 April 2020 to 31 March 2023. These criteria are
described in the Annual Report 2020.
Further information on the operation of the GBP is provided in
the Annual Report 2020.
No consideration is payable for the grant or exercise of the
options or awards under the PSP or GBP.
Additionally, the Company was informed that 11,299 ordinary
shares of 25 pence each in the capital of the Company ('Shares')
were released on 30 September 2020 to Melissa Law, a Person
Discharging Managerial Responsibilities, in accordance with the
Restricted Share Award that was granted to her on 24 November 2017.
5,006 shares were withheld to satisfy tax obligations arising on
the release of the Shares. As a result, Ms. Law acquired and
retained a total of 6,293 Shares. For tax purposes, the market
value of the Shares, being the average of the two closing prices on
the date of the transaction, was 665.20 pence per share. No
consideration was paid for the acquisition of these Shares.
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 October 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 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 Grant of nil-cost options over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020 and
Group Bonus Plan
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 273,295
----------
Nil 15,487
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 288,782
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2020-09-30
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 Imran Nawaz
------------------------------ ----------------------------------------
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 Grant of nil-cost options over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020 and
Group Bonus Plan
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 193,156
----------
Nil 10,946
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 204,102
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2020-09-30
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 Grant of nil-cost options over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 108,743
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 108,743
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2020-09-30
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 Lindsay Beardsell
------------------------------ ----------------------------------------
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 Grant of nil-cost options over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 154,114
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 154,114
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2020-09-30
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 Melissa Law
------------------------------ -----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position / status PDMR - President, Global Operations
------------------------------ -----------------------------------------
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 Grant of a conditional award over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020
------------------------------ -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 158,187
----------
------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 158,187
Nil
* Price
------------------------------ -----------------------------------------
e) Date of the 2020-09-30
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 Laura Hagan
------------------------------ ----------------------------------------
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 Grant of nil-cost options over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020
------------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 123,291
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 123,291
Nil
* Price
------------------------------ ----------------------------------------
e) Date of the 2020-09-30
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 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 Grant of a conditional award over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020
------------------------------ -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 154,359
----------
------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 154,359
Nil
* Price
------------------------------ -----------------------------------------
e) Date of the 2020-09-30
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 Andrew Taylor
------------------------------ -----------------------------------------
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 Grant of a conditional award over shares
transaction for no consideration under the Tate &
Lyle Performance Share Plan 2020
------------------------------ -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 157,475
----------
------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume 157,475
Nil
* Price
------------------------------ -----------------------------------------
e) Date of the 2020-09-30
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 Melissa Law
------------------------------ --------------------------------------------
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 vesting
transaction of nil-cost conditional awards over shares
for no consideration.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 6,293
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 6,293
Nil
* Price
------------------------------ --------------------------------------------
e) Date of the 2020-09-30
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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END
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