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5 Jun 2019 09:34
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
Tate & Lyle PLC (the 'Company') announces that on 3 June 2019 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 Tate & Lyle Group Bonus Plan ('GBP'), and the 2012 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 | Date of Shares released/exercised | No. of Shares acquired under the GBP | No. of Shares acquired under the PSP | No. of Shares transferred to spouse as a gift |
Rowan Adams | 3 June 2019 | 10,252 | 51,565 | 61,817 |
Joan Braca | 3 June 2019 | n/a* | 65,847 | n/a |
Nick Hampton | 3 June 2019 | 21,591 | 105,760 | 333,000 |
Jim Stutelberg | 3 June 2019 | n/a* | 76,655 | n/a |
* Shares were acquired under the GBP on 23 May 2019 as announced on 28 May 2019.
As a result of these transactions, Mr Hampton's total interest in Shares (including Shares held by connected persons) is 460,811.
For tax purposes, the market value of the Shares, being the average of the two close prices on the date of the transaction, was 725.80 pence per Share.
No consideration was paid for the acquisition of these Shares.
Awards made under the GBP in 2017 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2017.
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 2016 to 31 March 2019. 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 EU Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
5 June 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 | Rowan Adams | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR | ||||
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 | Acquisition of shares following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
61,817
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
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 | PDMR | ||||
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 | Transfer of shares as a gift to Sarah Adams, Person Closely Associated | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
61,817
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
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
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Sarah Adams | ||||
2. | Reason for the notification | |||||
a) | Position / status | PCA to Rowan Adams | ||||
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 | Receipt of shares as a gift from Rowan Adams | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
61,817
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
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
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Joan Braca | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR | ||||
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 | Acquisition of shares 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 |
65,847
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
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 | Nick Hampton | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR | ||||
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 | Acquisition of shares following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
127,351
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
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 | Nick Hampton | ||||
2. | Reason for the notification | |||||
a) | Position / status | PDMR | ||||
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 | Transfer of shares as a gift to Alison Hampton, Person Closely Associated | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
333,000
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
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
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Alison Hampton | ||||
2. | Reason for the notification | |||||
a) | Position / status | PCA to Nick Hampton | ||||
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 | Receipt of shares as a gift from Nick Hampton | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
333,000
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
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
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 / 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 | Acquisition of shares 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 |
76,655
Nil | ||||
e) | Date of the transaction | 2019-06-03 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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