Last checked at 1 Jun 2012 18:02
Tate & Lyle PLC
Director/PDMR Shareholding
Tate & Lyle PLC (the "Company") has been informed today of the following transactions on 1 June 2012.
1. Release of Conditional Awards to Persons Discharging Managerial Responsibilities
The following share awards were released under the Company's 2003 Performance Share Plan ('PSP'):
| Name | No. of shares released | No. of shares disposed of at 658.00 pence per share to pay for tax and sale costs | No of shares retained | ||||||||||||
| Karl Kramer | 40,700 | 12,846 | 27,854 | ||||||||||||
| Olivier Rigaud | 49,450 | 11,414 | 38,036 | ||||||||||||
| Matt Wineinger | 49,898 | 15,749 | 34,149 |
No consideration was paid for the acquisition of these shares.
2. Exercise of Options by a Person Discharging Managerial Responsibilities
Robert Gibber exercised 48,585 options at an exercise price of 335.75 pence per share under the Company's Executive Share Option Scheme ('ESOS') and 68,924 nil-cost options under the Company's PSP. All shares were sold at 666.50 pence per share. Mr Gibber has already met the requirements of the Company's Executive Shareholding Policy.
Awards made under the PSP and ESOS are subject to the satisfaction of a performance condition over a three year performance period, which in this case was 1 April 2008 to 31 March 2011 and 1 April 2003 to 31 March 2007 respectively.
All transactions occurred on the London Stock Exchange.
This notification is made in accordance with DTR 3.1.4R(1)(a) of the FSA's Disclosure and Transparency Rules.
Lucie GilbertDeputy Company Secretary1 June 2012
Copyright Business Wire 2012