Last checked at 6 Sep 2019 10:15
Tate & Lyle PLC
Notification of transaction by Person Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') was informed that 15,064 ordinary shares of 25 pence each in the capital of the Company ('Shares') were released on 4 September 2019 to Andrew Taylor, a Person Discharging Managerial Responsibilities, in accordance with the Restricted Share Award that was granted to him on 24 November 2017. 4,414 shares were withheld to satisfy certain tax obligations arising on the release of the Shares. As a result, Mr. Taylor acquired and retained a total of 10,650 Shares. For tax purposes, the market value of the Shares, being the average of the two closing prices on the date of the transaction, was 743 pence per share. No consideration was paid for the acquisition of these Shares.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Claire-Marie O'Grady
Company Secretary
6 September 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 | Andrew Taylor | ||||
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 conditional awards over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
10,650
Nil | ||||
e) | Date of the transaction | 2019-09-04 | ||||
f) | Place of the transaction | Outside a trading venue | ||||