TATE Tate & Lyle Plc

TIDMTATE

RNS Number : 7678H

Tate & Lyle PLC

07 December 2020

Tate & Lyle PLC

Notification of transaction by Persons Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') announces that a grant of nil-cost options over the Company's ordinary shares of 25 pence each in the capital of the Company ('Shares') was made on 3 December 2020 under the Tate & Lyle Performance Share Plan 2020 ('PSP') to the Person Discharging Managerial Responsibilities ('PDMR') detailed in the table below:

 
 PDMR                      No. of Shares subject to award 
 Victoria Spadaro Grant    160,278 
                          ------------------------------- 
 

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. No consideration is payable for the grant or exercise of the options.

The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Claire-Marie O'Grady

Company Secretary

7 December 2020

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                            Victoria Spadaro Grant 
     ------------------------------  ---------------------------------------- 
 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 awards 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         160,278 
                                                   ---------- 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     160,278 
                                        Nil 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the                     2020-12-03 
       transaction 
     ------------------------------  ---------------------------------------- 
 f)   Place of the                    Outside a trading venue 
       transaction 
     ------------------------------  ---------------------------------------- 
 

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END

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