5th Nov 2021 11:45
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that a grant of conditional awards over the Company's ordinary shares of 25 pence each in the capital of the Company ('Shares') was made on 4 November 2021 under the Tate & Lyle Performance Share Plan 2020 ('PSP') to Persons Discharging Managerial Responsibilities ('PDMR') as detailed in the table below:
PDMR | Number of Shares | Vesting Date |
Melissa Law | 103,813 | After 1 February 2024 |
William Magee | 69,367 | After 31 March 2024 |
The Award to Ms. Law will only vest to the extent that certain performance criteria are satisfied by Ms. Law.
The Award to Mr. Magee 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 2021 to 31 March 2024.
Awards made under the PSP are structured as conditional awards. No consideration is payable for the grant of the awards under the PSP.
The notifications below, which have been made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Group Company Secretary
5 November 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 | 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 | Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan 2020 - Restricted Share Award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
103,813
Nil | ||||
e) | Date of the transaction | 2021-11-04 | ||||
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 | William Magee | ||||
2. | Reason for the notification | |||||
a) | Position / status | President, Food & Beverage Solutions, 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 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 2020 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
69,367
Nil | ||||
e) | Date of the transaction | 2021-11-04 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Related Shares:
Tate & Lyle