23rd May 2008 17:15
Tate & Lyle PLC Director/PDMR Shareholding Tate & Lyle PLC (the "Company") was informed today that 53,768 ordinary sharesof 25 pence each in the capital of the Company were released under the Company'sPerformance Share Plan ("PSP") to Lynn Grider, a person discharging managerialresponsibilities, on 23 May 2008. No consideration was paid for the acquisitionof these shares. 15,891 shares were disposed of at 469.00 pence per share on theLondon Stock Exchange to pay for tax and sale costs. The remaining shares havebeen retained. The PSP is a performance based share plan under which certain senior employeesreceive a conditional award of shares ("PSP shares"). The number of PSP sharesreleased takes into account the performance of the Company over the relevantperformance period, which in this case was the period from 1 April 2004 to 31March 2007. In accordance with the Rules of the PSP, the PSP Shares becameeligible for release at the end of a one year retention period. This notification made in accordance with DTR 3.1.4R(1)(a) of the FSA'sDisclosure and Transparency Rules. Robert GibberCompany Secretary23 May 2008 Copyright Business Wire 2008Related Shares:
Tate & Lyle