Last checked at 24 Nov 2017 12:54
Tate & Lyle PLC
Notification of transaction by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the ‘Company’) announces that in accordance with the incentive arrangements relating to the recruitment of Melissa Law, President, Global Operations, and Andrew Taylor, President, Innovation and Commercial Development (who both joined the Company in September 2017) a grant of awards over the Company’s ordinary shares of 25 pence each in the capital of the Company (‘Shares’) was made today as detailed in the table below:
| Person discharging managerial responsibilities (‘PDMR’) | Performance Share Plan (‘PSP’) | Restricted Share Award (‘RSA’) | |||
| Melissa Law | 150,491 | 22,597 | |||
| Andrew Taylor | 163,200 | 45,193 |
The PSP Award is subject to the performance conditions that apply to awards made under the Performance Share Plan 2012 during the year ending 31 March 2018 and accordingly will only vest to the extent that these performance conditions are satisfied by the Company over a three-year performance period which runs from 1 April 2017 to 31 March 2020. These criteria are described in the Annual Report 2017. No consideration is payable for the grant or release of the awards.
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
24 November 2017
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 | Melissa Law | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2012 and Restricted Share Award programme | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 173,088
| |||
| d) | Aggregated information Aggregated volume Price |
173,088 Nil | |||
| e) | Date of the transaction | 2017-11-24 | |||
| 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
| Details of PDMR / person closely associated with them (“PCA”) | |||||
| a) | Name | Andrew Taylor | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2012 and Restricted Share Award programme | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 208,393
| |||
| d) | Aggregated information Aggregated volume Price |
208,393 Nil | |||
| e) | Date of the transaction | 2017-11-24 | |||
| f) | Place of the transaction | Outside a trading venue | |||
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