Last checked at 29 Jun 2022 16:00
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 27 June 2022 the following transactions occurred by Persons Discharging Managerial Responsibilities ('PDMR') and their Persons Closely Associated ('PCA') in respect of their interests in ordinary shares of 29 1/6 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 and PCA interests in Shares changed as detailed in the table below:
PDMR | Date Shares released | No. of Shares acquired under the GBP | No. of Shares acquired under the PSP | No. of Shares transferred to PCA as a gift on 29 June 2022 |
Nick Hampton | 27 June 2022 | 8,014 | 62,439 | n/a |
Rowan Adams | 27 June 2022 | n/a | 24,844 | 24,844 |
Lindsay Beardsell | 27 June 2022 | n/a | 32,862 | n/a |
Laura Hagan | 27 June 2022 | n/a | 25,820 | n/a |
Melissa Law | 27 June 2022 | n/a | 44,318 | n/a |
Andrew Taylor | 27 June 2022 | n/a | 58,614 | n/a |
For tax purposes, the market value of the Shares was 778.6 pence per Share.
No consideration was paid for the acquisition of these Shares.
Awards made under the GBP in 2020 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2020.
Awards made under the PSP in 2019 are subject to the satisfaction of performance conditions over a three-year performance period, which in this case ran from 1 April 2019 to 31 March 2022. 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 UK Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
29 June 2022
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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the GBP and PSP following the exercise of nil-cost options over shares for no consideration | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
70,453
Nil | ||||
e) | Date of the transaction | 2022-06-27 | ||||
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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
24,844
Nil | ||||
e) | Date of the transaction | 2022-06-27 | ||||
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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
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 |
24,844
Nil | ||||
e) | Date of the transaction | 2022-06-29 | ||||
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 | 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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
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 |
24,844
Nil | ||||
e) | Date of the transaction | 2022-06-29 | ||||
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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
32,862
Nil | ||||
e) | Date of the transaction | 2022-06-27 | ||||
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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
25,820
Nil | ||||
e) | Date of the transaction | 2022-06-27 | ||||
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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP 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 |
44,318
Nil | ||||
e) | Date of the transaction | 2022-06-27 | ||||
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 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43 | ||||
b) | Nature of the transaction | Acquisition of shares under the PSP 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 |
58,614
Nil | ||||
e) | Date of the transaction | 2022-06-27 | ||||
f) | Place of the transaction | Outside a trading venue | ||||