6th Dec 2018 11:32
Tate & Lyle PLC
Notification of transaction by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the ‘Company’) announces that a grant of nil-cost options over the Company’s ordinary shares of 25 pence each in the capital of the Company (‘Shares’) was made on 6 December 2018 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 | ||
| Lindsay Beardsell | 173,884 | ||
| Laura Hagan | 136,623 |
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. No consideration is payable for the grant or exercise of the options.
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 Secretary6 December 2018
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 | Lindsay Beardsell | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR | |||
| 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 173,884
| |||
| d) | Aggregated information Aggregated volume Price |
173,884
Nil | |||
| e) | Date of the transaction | 2018-12-06 | |||
| 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 | Laura Hagan | |||
| 2. | Reason for the notification | ||||
| a) | Position / status | PDMR | |||
| 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 136,623
| |||
| d) | Aggregated information Aggregated volume Price |
136,623
Nil | |||
| e) | Date of the transaction | 2018-12-06 | |||
| f) | Place of the transaction | Outside a trading venue | |||
View source version on businesswire.com: https://www.businesswire.com/news/home/20181206005362/en/
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