4th Jan 2017 14:11
Tate & Lyle PLC
Notification of transactions by Person Discharging Managerial Responsibilities
Tate & Lyle PLC (the ‘Company’) was informed yesterday that 42,121 ordinary shares of 25 pence each in the capital of the Company (‘Shares’) were released on 3 January 2017 to Jim Stutelberg, a Person Discharging Managerial Responsibilities, in accordance with the Restricted Share Award that was granted to him on 5 December 2014 following his appointment to the Group. 15,387 Shares were sold at 690.50 pence per Share on the London Stock Exchange to cover Mr Stutelberg’s tax liabilities and sale costs. Mr Stutelberg retained the remaining Shares.
No consideration was paid for the acquisition of these Shares.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Jaime ThamDeputy Company Secretary4 January 2017
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, 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 | Release of a nil-cost conditional award over shares for no consideration | |||
| c) | Price(s) and volume(s) | Price(s)Nil
Volume(s)42,121 | |||
| d) | Aggregated information Aggregated volume Price |
42,121Nil
| |||
| e) | Date of the transaction | 2017-01-03 | |||
| 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, 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 | Sale of shares to cover tax liabilities and sale costs arising on release of a conditional award. | |||
| c) | Price(s) and volume(s) | Price(s)GBP6.9050
Volume(s)15,387 | |||
| d) | Aggregated information Aggregated volume Price |
15,387GBP106,247.24
| |||
| e) | Date of the transaction | 2017-01-03 | |||
| f) | Place of the transaction | London Stock ExchangeXLON | |||
View source version on businesswire.com: http://www.businesswire.com/news/home/20170104005879/en/
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