Last checked at 22 Apr 2024 14:30
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') were released on 18 April 2024 to Bill Magee and Melissa Law, Persons Discharging Managerial Responsibilities.
This release of 6,980 Shares to Bill Magee and 5,028 Shares to Melissa Law corrects the withholding of tax applied to the release of Shares to Bill and Melissa on 2 April 2024 pursuant to the vesting of their Restricted Share Awards (announced on 4 April 2024, RNS Number: 3412J). For tax purposes, the market value of the Shares remains 608.5 pence per Share. No consideration was paid for the acquisition of these Shares.
A summary table of the number of Shares issued to correct the withholding of tax on the awards is below:
| Column A | Column B | Column C | Column D | Column E |
PDMR | Number of Shares subject to RSA | Initial number of Shares withheld to satisfy tax obligations | Total number of Shares that should have been withheld to satisfy tax obligations | Additional Shares released on 18 April 2024 to correct over-withholding (Column B)
(Column B minus Column C) | Total (corrected) number of Shares retained from RSA
(Column A minus Column C) |
Bill Magee | 33,739 | 19,762 | 12,782 | 6,980 | 20,957 |
Melissa Law | 103,813 | 43,424 | 38,396 | 5,028 | 65,417 |
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
22 April 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 | Bill 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 | Additional release of shares (acquisition by the PDMR) due to over-withholding of tax on release of RSA award on 2 April 2024. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
6,980
Nil | ||||
e) | Date of the transaction | 2024-04-18 | ||||
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 | Additional release of shares (acquisition by the PDMR) due to over-withholding of tax on release of RSA award on 2 April 2024. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
5,028
Nil | ||||
e) | Date of the transaction | 2024-04-18 | ||||
f) | Place of the transaction | Outside a trading venue | ||||