12 Aug 2016 10:11
Tate & Lyle PLC
Notification of transactions 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 10 August 2016 under the Tate & Lyle Performance Share Plan 2012 (“PSP”) to Persons Discharging Managerial Responsibilities (“PDMR”) as detailed in the table below:
| PDMR | No. of Shares subject to award | ||
| Javed Ahmed (Chief Executive) | 374,124 | ||
| Nick Hampton (Chief Financial Officer) | 266,064 | ||
| Rowan Adams | 129,724 | ||
| Joan Braca | 186,803 | ||
| Robert Gibber | 173,463 | ||
| Rob Luijten | 145,291 | ||
| Gabriella Parisse | 183,003 | ||
| Pierre Schoumacher | 109,054 | ||
| Jim Stutelberg | 167,691 |
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 2016 to 31 March 2019. These criteria are described in the Annual Report 2016. No consideration is payable for the grant or exercise of the options or awards.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Lucie Gilbert
Company Secretary
12 August 2016
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| Details of PDMR / person closely associated with them (“PCA”) | |||||
| a) | Name | Javed Ahmed | |||
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 374,124 | |||
| d) | Aggregated information Aggregated volume Price | 374,124Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| 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
| Details of PDMR / person closely associated with them (“PCA”) | |||||
| a) | Name | Nick Hampton | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR – Chief Financial 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 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 266,064 | |||
| d) | Aggregated information Aggregated volume Price | 266,064Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| 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
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 129,724 | |||
| d) | Aggregated information Aggregated volume Price | 129,724Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| 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
| Details of PDMR / person closely associated with them (“PCA”) | |||||
| a) | Name | Joan Braca | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR - President, Speciality Food Ingredients | |||
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 186,803 | |||
| d) | Aggregated information Aggregated volume Price | 186,803Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| 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
| 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 Performance Share Plan 2012 |
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 173,463 |
| d) | Aggregated information Aggregated volume Price | 173,463Nil
|
| e) | Date of the transaction | 2016-08-10 |
| 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
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 145,291 | |||
| d) | Aggregated information Aggregated volume Price | 145,291Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| 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
| Details of PDMR / person closely associated with them (“PCA”) | |||||
| a) | Name | Gabriella Parisse | |||
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 183,003 | |||
| d) | Aggregated information Aggregated volume Price | 183,003Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| 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
| Details of PDMR / person closely associated with them (“PCA”) | |||||
| a) | Name | Pierre Schoumacher | |||
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 109,054 | |||
| d) | Aggregated information Aggregated volume Price | 109,054Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| 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
| Details of PDMR / person closely associated with them (“PCA”) | |||||
| a) | Name | Jim Stutelberg | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR - President, Bulk Ingredients | |||
| 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 | |||
| c) | Price(s) and volume(s) | Price(s) Volume(s)
Nil 167,691 | |||
| d) | Aggregated information Aggregated volume Price | 167,691Nil
| |||
| e) | Date of the transaction | 2016-08-10 | |||
| f) | Place of the transaction | Outside a trading venue | |||
View source version on businesswire.com: http://www.businesswire.com/news/home/20160812005156/en/
Copyright Business Wire 2016
Tate & Lyle (TATE)