Last checked at 22 Jul 2021 15:15
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that a grant of options and awards over the Company's ordinary shares of 25 pence each in the capital of the Company ('Shares') was made on 21 July 2021 under the Tate & Lyle Performance Share Plan 2020 ('PSP') and the Tate & Lyle Group Bonus Plan ('GBP') in respect of the year ended 31 March 2021 to Persons Discharging Managerial Responsibilities ('PDMR') as detailed in the table below:
PDMR | Number of Shares subject to PSP award | Number of Shares subject to GBP award |
Nick Hampton | 284,259 | 32,195 |
Vivid Sehgal | 197,114 | 1,095 |
Rowan Adams | 113,097 | 5,490 |
Lindsay Beardsell | 160,285 | 7,781 |
Laura Hagan | 128,228 | 6,225 |
Melissa Law | 154,970 | 9,265 |
Victoria Spadaro Grant | 166,696 | None |
Jim Stutelberg | 151,220 | 9,102 |
Andrew Taylor | 162,175 | 6,487 |
Awards under the PSP are structured as conditional awards. Awards granted under the PSP will only vest to the extent that certain performance criteria are satisfied by the Company over a three-year performance period which runs from 1 April 2021 to 31 March 2024.
Further information on the operation of the GBP is provided in the Annual Report 2021.
No consideration is payable for the grant of the awards under the PSP or GBP.
The notifications below, which have been made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
22 July 2021
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 | 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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
316,454
Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
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 | Vivid Sehgal | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | 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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
198,209
Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
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 | Executive Group VP, 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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
118,587 Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
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 | Lindsay Beardsell | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Executive VP, 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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | 168,066
Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
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 | Laura Hagan | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | Chief Human Resources 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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
134,453
Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
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 | Melissa Law | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | 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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
164,235
Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
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 | Victoria Spadaro Grant | ||||
2. | Reason for the notification | |||||
a) | Position / status | President, Innovation & Commercial Development | ||||
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 | Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
166,696
Nil | ||||
e) | Date of the transaction | 2021-07-21 | ||||
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 | Jim Stutelberg | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | President, Primary Products | ||||||
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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
160,322
Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
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 | Andrew Taylor | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | President Asia, Middle East, Africa and Latin America | ||||||
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 | Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 and Group Bonus Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
168,662
Nil | ||||||
e) | Date of the transaction | 2021-07-21 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||