Last checked at 9 Jun 2021 15:49
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 7 June 2021 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 25 pence each in the capital of the Company ('Shares') under the Tate & Lyle 2012 Performance Share Plan ('PSP').
Following the withholding of Shares to satisfy certain tax obligations arising on the release of Shares, PDMR interests in Shares changed as detailed in the table below:
PDMR | Date Shares released | No. of Shares acquired | No. of Shares transferred to PCA as a gift |
Nick Hampton | 7 June 2021 | 100,332 | n/a |
Rowan Adams | 7 June 2021 | 39,921 | 39,921 |
Melissa Law | 7 June 2021 | 65,653 | n/a |
Andrew Taylor | 7 June 2021 | 59,049 | n/a |
Jim Stutelberg | 7 June 2021 | 68,599 | n/a |
Lindsay Beardsell | 7 June 2021 | 52,806 | n/a |
For tax purposes, the market value of the Shares was 791.4 pence per Share.
No consideration was paid for the acquisition of these Shares.
Awards made under the PSP are subject to the satisfaction of performance conditions over a three-year performance period, which in this case ran from 1 April 2018 to 31 March 2021. 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 Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
9 June 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 | Acquisition of shares following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
100,332
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
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 | EVP 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 | Acquisition of shares following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
39,921
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
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 | EVP 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 | Transfer of shares as a gift to Sarah Adams, Person Closely Associated | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
39,921
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136 | ||||
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 |
39,921
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
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 | Acquisition of shares 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 |
65,653
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
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, Emerging Markets | ||||
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 release of nil-cost conditional awards over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
59,049
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
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 | Acquisition of shares 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 |
68,599
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
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 | EVP, 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 | Acquisition of shares following the exercise of nil-cost options over shares for no consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
52,806
Nil | ||||
e) | Date of the transaction | 2021-06-07 | ||||
f) | Place of the transaction | Outside a trading venue | ||||