30th Jul 2008 11:18
Director/PDMR Shareholding Tate & Lyle PLC (the "Company") was informed yesterday that 21,428 ordinaryshares of 25 pence each in the capital of the Company were released under theCompany's Deferred Bonus Share Plan ("DBSP") to Iain Ferguson, an ExecutiveDirector of the Company, on 29 July 2008. No consideration was paid for theacquisition of these shares. 8,817 shares were disposed of at 382.75 pence pershare on the London Stock Exchange to pay for tax and sale costs. The remainingshares have been retained. Mr Ferguson now has an interest in 216,703 ordinary25p shares in the Company. The DBSP is a performance based share plan under which certain senior executiveshave the opportunity to defer part of their annual cash bonus, invest the amountdeferred in the Company's shares and receive awards of matching shares("Matching Shares"). The number of Matching Shares released is subject to thesatisfaction of employment conditions and a performance condition over therelevant performance period which in this case was the period from 1 April 2005to 31 March 2008. This notification is made in accordance with DTR 3.1.4R(1)(a) of the FSA'sDisclosure and Transparency Rules. Lucie GilbertDeputy Company Secretary30 July 2008 Copyright Business Wire 2008Related Shares:
Tate & Lyle