Last checked at 13 Sep 2017 10:00
Tate & Lyle PLC
Notification of transactions by Person Discharging Managerial Responsibilities and Person Closely Associated with them
Tate & Lyle PLC (the ‘Company’) was informed yesterday that on 12 September 2017 Javed Ahmed, a Person Discharging Managerial Responsibilities, exercised 419,403 nil-cost options over ordinary shares of 25 pence each in the capital of the Company (‘Shares’), in accordance with the ‘Compensatory Award – A’ that was granted to him on 28 October 2009, full details of which are set out in the Annual Report 2009. 197,812 Shares were sold at 661.60 pence per Share on the London Stock Exchange to cover Mr Ahmed’s tax liabilities and sale costs.
Mr Ahmed retained the remaining Shares and subsequently transferred a total of 317,718 Shares to a joint holding with Mrs Ahmed, a person closely associated with him. Mr Ahmed now holds an interest in a total of 3,416,568 Shares in the Company.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Claire-Marie O’GradyCompany Secretary13 September 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 | Price(s) | Volume(s) | ||||
| volume(s) |
| ||||||
| Nil | 419,403 | ||||||
|
| |||||||
| d) | Aggregated | ||||||
| information | |||||||
| -- Aggregated volume | 419,403 | ||||||
| -- Price | Nil | ||||||
|
| |||||||
| e) | Date of the transaction | 2017-09-12 | |||||
| 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 | Price(s) | Volume(s) | |||||
| volume(s) | GBP 6.6160 | 197,812 | ||||||
|
| ||||||||
|
|
| |||||||
| d) | Aggregated | |||||||
| information | ||||||||
| -- Aggregated volume | 197,812 | |||||||
| -- Price | GBP 6.6160 | |||||||
|
| ||||||||
| e) | Date of the transaction | 2017-09-12 | ||||||
| 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 | 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 | Transfer of shares at nil cost a to joint holding account with Talat Ahmed, Person Closely Associated to Mr Ahmed | |||||
| c) | Price(s) and | Price(s) | Volume(s) | ||||
| volume(s) | Nil | 317,718 | |||||
|
|
| ||||||
| d) | Aggregated |
| |||||
| information | |||||||
| -- Aggregated volume | 317,718 | ||||||
| -- Price | Nil | ||||||
| e) | Date of the transaction | 2017-09-12 | |||||
| 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 | Talat Ahmed | |||||
| 2. | Reason for the notification | ||||||
| a) | Position / status | PCA of Javed Ahmed | |||||
| 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 transferred at nil cost held in a joint account with Mr Ahmed | |||||
| c) | Price(s) and | Price(s) | Volume(s) | ||||
| volume(s) | Nil | 317,718 | |||||
|
| |||||||
|
|
| ||||||
| d) | Aggregated | ||||||
| information | |||||||
| -- Aggregated volume | 317,718 | ||||||
| -- Price | Nil | ||||||
|
| |||||||
| e) | Date of the transaction | 2017-09-12 | |||||
| f) | Place of the transaction | London Stock ExchangeXLON | |||||
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