10 Jul 2018 11:21
Tate & Lyle PLC
Notification of transaction 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 5 July 2018 under the Tate & Lyle Performance Share Plan 2012 (‘PSP’) and the Tate & Lyle Group Bonus Plan (‘GBP’) in respect of the year ended 31 March 2018 to Persons Discharging Managerial Responsibilities (‘PDMR’) as detailed in the table below:
| PDMR | No. of Shares subject to PSP award | No. of Shares subject to GBP award | |||
| Nick Hampton (Chief Executive) | 330,380 | 22,629 | |||
| Rowan Adams | 131,456 | 13,103 | |||
| Joan Braca | 200,936 | 2,041 | |||
| Robert Gibber | N/A | 10,496 | |||
| Melissa Law | 163,847 | 8,290 | |||
| Rob Luijten | 146,137 | 14,567 | |||
| Jim Stutelberg | 174,163 | 28,241 | |||
| Andrew Taylor | 177,680 | 2,684 |
Awards under the PSP are structured as either nil-cost options or conditional awards. Options and 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 2018 to 31 March 2021. These criteria are described in the Annual Report 2018.
Further information on the operation of the GBP is provided in the Annual Report 2018.
No consideration is payable for the grant or exercise of the options or awards under the PSP or GBP.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Claire-Marie O’GradyCompany Secretary10 July 2018
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 | PDMR – 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 nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2012 and Group Bonus Plan | |||
| c) | Price(s) and volume(s) | Price(s) Nil Volume(s) 330,380
Price(s) Nil Volume(s) 22,629 | |||
| d) | Aggregated information Aggregated volume Price |
353,009Nil
| |||
| e) | Date of the transaction | 2018-07-05 | |||
| 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 | PDMR – Executive 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 nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2012 and Group Bonus Plan | |||
| c) | Price(s) and volume(s) | Price(s) Nil Volume(s)131,456
Price(s)Nil
Volume(s)13,103
| |||
| d) | Aggregated information Aggregated volume Price |
144,559Nil
| |||
| e) | Date of the transaction | 2018-07-05 | |||
| 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 | Joan Braca | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR - President, Food & Beverage Solutions | |||
| 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 2012 and Group Bonus Plan | |||
| c) | Price(s) and volume(s) | Price(s) Nil
Volume(s)200,936
Price(s)Nil
Volume(s)2,041
| |||
| d) | Aggregated information Aggregated volume Price |
202,977Nil
| |||
| e) | Date of the transaction | 2018-07-05 | |||
| 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 | Robert Gibber | |||||||
| 2. | Reason for the notification | ||||||||
| a) | Position / status | PDMR – 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 nil-cost options over shares for no consideration under the Tate & Lyle Group Bonus Plan | |||||||
| c) | Price(s) and volume(s) | Price(s)Nil
Volume(s)10,496
| |||||||
| d) | Aggregated information Aggregated volume Price |
10,496Nil
| |||||||
| e) | Date of the transaction | 2018-07-05 | |||||||
| 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 | PDMR – 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 a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2012 and Group Bonus Plan | |||
| c) | Price(s) and volume(s) | Price(s)Nil Volume(s)163,847
Price(s)Nil
Volume(s)8,290
| |||
| d) | Aggregated information Aggregated volume Price |
172,137Nil
| |||
| e) | Date of the transaction | 2018-07-05 | |||
| 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 | Rob Luijten | |||||||
| 2. | Reason for the notification | ||||||||
| a) | Position / status | PDMR – Executive VP, Human Resources | |||||||
| 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 nil-cost options over shares for no consideration under the Tate & Lyle Performance Share Plan 2012 and Group Bonus Plan | |||||||
| c) | Price(s) and volume(s) | Price(s) Nil
Volume(s)146,137
Price(s)Nil Volume(s)14,567 | |||||||
| d) | Aggregated information Aggregated volume Price |
160,704Nil
| |||||||
| e) | Date of the transaction | 2018-07-05 | |||||||
| 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 | PDMR - 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 a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2012 and Group Bonus Plan | |||
| c) | Price(s) and volume(s) | Price(s) Nil Volume(s)174,163
Price(s)Nil Volume(s)28,241
| |||
| d) | Aggregated information Aggregated volume Price | 202,404Nil
| |||
| e) | Date of the transaction | 2018-07-05 | |||
| 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 | PDMR - President, Innovation and 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 2012 and Group Bonus Plan | |||
| c) | Price(s) and volume(s) | Price(s) Nil Volume(s)177,680
Price(s)Nil
Volume(s)2,684 | |||
| d) | Aggregated information Aggregated volume Price | 180,364Nil
| |||
| e) | Date of the transaction | 2018-07-05 | |||
| f) | Place of the transaction | Outside a trading venue | |||
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Tate & Lyle (TATE)