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4 Jun 2024 11:00
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that on 3 June 2024 the following transactions occurred by Persons Discharging Managerial Responsibilities ('PDMR') in respect of their interests in ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') under the Tate & Lyle Group Bonus Plan ('GBP') and the 2020 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 | No. of Shares acquired under the PSP | No. of Shares acquired under the GBP |
Nick Hampton | 100,940 | 100 |
Rowan Adams | 40,160 | - |
Lindsay Beardsell | 56,916 | - |
Melissa Law | 66,450 | - |
Andrew Taylor | 108,657 | 1,236 |
Victoria Spadaro Grant | 81,809 | 3,472 |
Bill Magee | 49,232 | - |
Tamsin Vine | 4,224 | - |
For tax purposes, the market value of the Shares was 681.86 pence per Share. No consideration was paid for the acquisition of these Shares.
Awards made under the GBP in 2022 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2022.
Awards made under the PSP in 2021 are subject to the satisfaction of performance conditions over a three-year performance period, which in this case ran from 1 April 2021 to 31 March 2024. 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 UK Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
4 June 2024
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 | Chief Executive | ||||||
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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||||
b) | Nature of the transaction | Acquisition of shares under the GBP and PSP following the release of nil-cost conditional awards over shares for no consideration. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
101,040
Nil | ||||||
e) | Date of the transaction | 2024-06-03 | ||||||
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 | Rowan Adams | ||||
2. | Reason for the notification | |||||
a) | Position / status | Executive VP, 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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
40,160
Nil | ||||
e) | Date of the transaction | 2024-06-03 | ||||
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 | Lindsay Beardsell | ||||
2. | Reason for the notification | |||||
a) | Position / status | Executive VP, General Counsel | ||||
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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
56,916
Nil | ||||
e) | Date of the transaction | 2024-06-03 | ||||
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 | Melissa Law | ||||
2. | Reason for the notification | |||||
a) | Position / status | President, Global Operations | ||||
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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
66,450
Nil | ||||
e) | Date of the transaction | 2024-06-03 | ||||
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 | Andrew Taylor | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | President Asia, Middle East, Africa and Latin America | ||||||
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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||||
b) | Nature of the transaction | Acquisition of shares under the GBP and PSP following the release of nil-cost conditional awards over shares for no consideration. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
109,893
Nil | ||||||
e) | Date of the transaction | 2024-06-03 | ||||||
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 | Victoria Spadaro Grant | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | President, Innovation and Commercial Development | ||||||
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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||||
b) | Nature of the transaction | Acquisition of shares under the GBP and PSP following the release of nil-cost conditional awards over shares for no consideration. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
85,281
Nil | ||||||
e) | Date of the transaction | 2024-06-03 | ||||||
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 | Bill (William) Magee | ||||
2. | Reason for the notification | |||||
a) | Position / status | President, North America | ||||
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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the release of nil-cost conditional awards over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
49,232
Nil | ||||
e) | Date of the transaction | 2024-06-03 | ||||
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 | Tamsin Vine | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Human Resources Officer | ||||
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 Identification code | Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
4,224
Nil | ||||
e) | Date of the transaction | 2024-06-03 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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