Last checked at 22 Jun 2012 09:10
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Tate & Lyle PLC (the "Company") was informed yesterday that Javed Ahmed, Chief Executive of the Company, exercised options to acquire 100,000 ordinary 25p shares on 21 June 2012. These options were granted pursuant to "Compensatory Award - C" in accordance with the incentive arrangements relating to the recruitment of Mr Ahmed, as disclosed in the Company's Annual Report 2009. No consideration was paid for the acquisition of these shares and Mr Ahmed retained all the shares exercised. Mr Ahmed now has an interest in 1,014,860 shares.
As disclosed in the 2009 Annual Report, the performance condition that applied to the Compensatory Award - C was the same as applied to awards made under the Company's Performance Share Plan in 2009.
Lucie Gilbert
Deputy Company Secretary
22 June 2012
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