Last checked at 16 Jun 2017 16:20
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the ‘Company’) announces that it was informed yesterday that on 15 June 2017 the following transactions occurred by Persons Discharging Managerial Responsibilities (‘PDMR’) in respect of their interests in ordinary shares of 25 pence each in the capital of the Company (‘Shares’) under the 2012 Performance Share Plan (‘PSP’) and Restricted Share Award (‘RSA’) as detailed in the table below:
| PDMR name | Award name | No. of Shares | No. of nil-cost | No. of Shares | No. of Shares | ||||||
| Shares | options | disposed at | retained | ||||||||
| released | exercised | 726.97 pence | |||||||||
| per share to | |||||||||||
| pay for tax | |||||||||||
| and sale | |||||||||||
| costs | |||||||||||
| Javed Ahmed | PSP | - | 181,9401 | 85,813 | 96,127 | ||||||
| Nick Hampton | RSA2 | - | 121,781 | 57,439 | 64,342 | ||||||
| Rowan Adams | PSP | - | 22,558 | 10,640 | 11,918 | ||||||
| Joan Braca | PSP | 18,651 | - | 2,621 | 16,030 | ||||||
| Robert Gibber | PSP | - | 80,358 | 37,902 | 42,456 | ||||||
| Rob Luijten | PSP | - | 56,200 | 26,507 | 29,693 | ||||||
| Pierre Schoumacher | PSP | 19,439 | - | - | 19,439 | ||||||
| Jim Stutelberg | PSP | 54,408 | - | 23,478 | 30,930 |
No consideration was paid for the receipt of these Shares.
Awards made under the PSP are subject to the satisfaction of performance conditions over a three year performance period, which in this case ran from 1 April 2014 to 31 March 2017 (the ‘2014 PSP’)
| 1 | The number of nil-cost options exercised by Mr Ahmed includes 152,792 nil-cost options made under the 2014 PSP and 29,148 nil-cost options made under the PSP granted in 2013 (the ‘2013 PSP’). Awards made under the 2013 PSP were subject to the satisfaction of performance conditions over a three year performance period from 1 April 2013 to 31 March 2016. Following the transactions, Mr Ahmed now has an interest in 3,194,977 Shares. | |||
| 2 | This award was granted to Mr Hampton on 7 July 2015, details of which are set out in the Annual Report 2015. Following the transactions, Mr Hampton now has an interest in 186,503 Shares. |
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Claire-Marie O’GradyCompany Secretary16 June 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 | Javed Ahmed | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Exercise of nil-cost options over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 181,940
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 181,940 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| 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 | Javed Ahmed | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Sale of shares to cover tax liabilities and sale costs arising on exercise of options. | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
GBP7.26966 85,813
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 85,813 | ||||
| -- Price | GBP623,831.33 | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
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 | Nick Hampton | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Chief Financial 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Exercise of nil-cost options over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 121,781
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 121,781 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| 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 | Nick Hampton | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Chief Financial 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Sale of shares to cover tax liabilities and sale costs arising on exercise of options. | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
GBP7.26966 57,439
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 57,439 | ||||
| -- Price | GBP417,562.00 | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
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 | Rowan Adams | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Executive Vice President, 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Exercise of nil-cost options over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 22,558
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 22,558 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| 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 | Rowan Adams | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Executive Vice President, 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Sale of shares to cover tax liabilities and sale costs arising on exercise of options. | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
GBP7.26966 10,640
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 10,640 | ||||
| -- Price | GBP77,349.18 | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
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 | Joan Braca | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – President, Speciality Food Ingredients | |||
| 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 | Release of nil-cost conditional awards over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 18,651
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 18,651 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| 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 | Joan Braca | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – President, Speciality Food Ingredients | |||
| 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 | Sale of shares to cover tax liabilities and sale costs arising on release of conditional awards. | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
GBP7.26966 2,621
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 2,621 | ||||
| -- Price | GBP19,053.78 | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
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 | Robert Gibber | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Executive Vice President and 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Exercise of nil-cost options over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 80,358
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 80,358 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| 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 | Robert Gibber | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Executive Vice President and 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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | |||
| b) | Nature of the transaction | Sale of shares to cover tax liabilities and sale costs arising on exercise of options. | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
GBP7.26966 37,902
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 37,902 | ||||
| -- Price | GBP275,534.65 | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
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 | Rob Luijten | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Executive Vice President, Human Resources | |||
| 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 | Exercise of nil-cost options over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 56,200
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 56,200 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-03-31 | |||
| 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 | Rob Luijten | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Executive Vice President, Human Resources | |||
| 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 | Sale of shares to cover tax liabilities and sale costs arising on exercise of options. | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
GBP7.26966 26,507
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 26,507 | ||||
| -- Price | GBP192,696.88 | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
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 | Pierre Schoumacher | |||
| 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 | Release of nil-cost conditional awards over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 19,439
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 19,439 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| 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 | Jim Stutelberg | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR - President, Bulk Ingredients | |||
| 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 | Release of nil-cost conditional awards over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 54,408
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 54,408 | ||||
| -- Price | Nil | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| 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 | Jim Stutelberg | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR - President, Bulk Ingredients | |||
| 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 | Sale of shares to cover tax liabilities and sale costs arising on release of conditional awards. | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
GBP7.26966 23,478
| |||
| d) | Aggregated | ||||
| information | |||||
| -- Aggregated volume | 23,478 | ||||
| -- Price | GBP170,677.08 | ||||
| e) | Date of the transaction | 2017-06-15 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
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