TIDMTATE

RNS Number : 0131G

Tate & Lyle PLC

18 July 2019

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 ordinary shares of 25 pence each in the capital of the Company (the 'Shares') was made on 17 July 2019 under the Tate & Lyle Performance Share Plan 2012 ('PSP') in respect of the year ended 31 March 2019. Further detail is provided in the table below:

 
 PDMR                 No. of Shares subject to PSP award 
 Nick Hampton         287,278 
                     ----------------------------------- 
 Imran Nawaz          203,038 
                     ----------------------------------- 
 Rowan Adams          114,306 
                     ----------------------------------- 
 Lindsay Beardsell    151,199 
                     ----------------------------------- 
 Melissa Law          166,280 
                     ----------------------------------- 
 Laura Hagan          118,799 
                     ----------------------------------- 
 Jim Stutelberg       162,256 
                     ----------------------------------- 
 Andrew Taylor        165,532 
                     ----------------------------------- 
 

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 2019 to 31 March 2022. These criteria are described in the Annual Report 2019.

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

Additionally, the Company was informed that on 17 July 2019, Jim Stutelberg, a Person Discharging Managerial Responsibilities, sold 44,000 ordinary shares of 25 pence each in the capital of the Company at a share price of 757.7 pence per share.

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

18 July 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                            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 2012 
     ------------------------------  ---------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         287,278 
                                                   ---------- 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     287,278 
                                        Nil 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the                     2019-07-17 
       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 2012 
     ------------------------------  ---------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         203,038 
                                                   ---------- 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     203,038 
                                        Nil 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the                     2019-07-17 
       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 2012 
     ------------------------------  ---------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         114,306 
                                                   ---------- 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     114,306 
                                        Nil 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the                     2019-07-17 
       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 2012 
     ------------------------------  ---------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         151,199 
                                                   ---------- 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     151,199 
                                        Nil 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the                     2019-07-17 
       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 2012 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         166,280 
                                                   ---------- 
     ------------------------------  ----------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     166,280 
                                        Nil 
 
             *    Price 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     2019-07-17 
       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 2012 
     ------------------------------  ---------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         118,799 
                                                   ---------- 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     118,799 
                                        Nil 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the                     2019-07-17 
       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 2012 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         162,256 
                                                   ---------- 
     ------------------------------  ----------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     162,256 
                                        Nil 
 
             *    Price 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     2019-07-17 
       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 2012 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        Nil         165,532 
                                                   ---------- 
     ------------------------------  ----------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     165,532 
                                        Nil 
 
             *    Price 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     2019-07-17 
       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                   Sale of ordinary shares 
       transaction 
     ------------------------------  ---------------------------------------- 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        GBP7.577    44,000 
                                                   ---------- 
     ------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume     44,000 
                                        GBP333,388.00 
 
             *    Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the                     2019-07-17 
       transaction 
     ------------------------------  ---------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction                     XLON 
     ------------------------------  ---------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 18, 2019 10:00 ET (14:00 GMT)

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