20th Jun 2013 10:27
Tate & Lyle PLC
Director/PDMR Shareholding
Tate & Lyle PLC (the “Company”) was informed yesterday of the following transactions by persons discharging managerial responsibility under the Company’s 2003 Performance Share Plan (‘PSP’) on 19 June 2013:
201,455 shares were released to Matthew Wineinger of which 65,400 shares were sold at 817.70 pence per share to pay for tax and sale costs. Mr Wineinger retained the remaining shares. 164,827 shares were released to Karl Kramer. Mr Kramer retained 6,303 shares and having met the requirements of the Company’s Executive Shareholding Policy, disposed of 158,524 shares at 817.70 pence per share. 155,085 shares were released to Olivier Rigaud and all shares were sold at 817.70 pence per share. Mr Rigaud has already met the requirements of the Company’s Executive Shareholding Policy. Rob Luijten exercised 131,401 nil-cost options and sold 61,976 shares at 817.70 pence per share to pay for tax and sale costs. Mr Luijten retained the remaining shares.No consideration was paid for the acquisition of these shares. Awards made under the PSP are subject to the satisfaction of performance conditions over a three year performance period, which in this case was 1 April 2010 to 31 March 2013.
All transactions occurred on the London Stock Exchange.
This notification is made in accordance with DTR 3.1.4R(1)(a) of the Disclosure and Transparency Rules.
Lucie Gilbert
Company Secretary
20 June 2013
Copyright Business Wire 2013
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Tate & Lyle