Last checked at 4 Apr 2024 11:30
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') were released on 2 April to Bill Magee and Melissa Law, Persons Discharging Managerial Responsibilities, in accordance with the Restricted Share Award that was granted to them on 24 August and 4 November 2021 respectively.
For tax purposes, the market value of the Shares was 608.5 pence per Share. No consideration was paid for the acquisition of these Shares.
PDMR | Number of Shares subject to RSA | Number of Shares withheld to satisfy tax obligations | Number of Shares retained |
Bill Magee | 33,739 | 19,762 | 13,977 |
Melissa Law | 103,813 | 43,424 | 60,389 |
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
4 April 2024
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 | Bill Magee | ||||
2. | Reason for the notification | |||||
a) | Position / status | President, North 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 following the vesting of a nil-cost conditional award over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
13,977
Nil | ||||
e) | Date of the transaction | 2024-04-02 | ||||
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 following the vesting of a nil-cost conditional award over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
60,389
Nil | ||||
e) | Date of the transaction | 2024-04-02 | ||||
f) | Place of the transaction | Outside a trading venue | ||||