Tate & Lyle PLC Director/PDMR Shareholding
July 05 2024 - 9:00AM
RNS Regulatory News
RNS Number : 3574V
Tate & Lyle PLC
05 July 2024
Tate
& Lyle PLC
Notification of transactions by Persons Discharging Managerial
Responsibilities
Tate & Lyle PLC (the 'Company')
announces that a grant of awards over the ordinary shares of 29 1/6
pence each in the capital of the Company ('Shares') was made on 5
July 2024 under the Tate & Lyle Performance Share Plan 2020
('PSP') in respect of the year ended 31 March 2024 to Persons
Discharging Managerial Responsibilities ('PDMR') as detailed in the
table below:
PDMR
|
Number of Shares subject to
PSP award
|
Number of Shares subject to
RSU award
|
Nick Hampton
|
352,283
|
-
|
Rowan Adams
|
116,801
|
23,360
|
Lindsay Beardsell
|
165,535
|
33,107
|
Tamsin Vine
|
123,213
|
36,964
|
Melissa Law
|
173,662
|
52,098
|
Victoria Spadaro Grant
|
172,156
|
34,431
|
Bill Magee
|
155,314
|
46,594
|
Andrew Taylor
|
179,540
|
71,816
|
Awards under the PSP are structured as conditional awards. 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 2024 to 31 March
2027. Awards made
under the RSU are conditional awards subject to the rules of the
PSP but not subject to the performance conditions attached to
awards made under the PSP. The RSU awards will vest in two equal
tranches, the first tranche within one month of the completion of
the acquisition of CP Kelco and the second tranche 12 months after
completion of the acquisition of CP Kelco subject to certain
performance conditions. No consideration is payable for the grant
of awards under the PSP.
The notifications below, which have
been made in accordance with the requirements of the Market Abuse
Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
5 July 2024
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
|
Nick Hampton
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
Chief Executive
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of conditional awards over
shares for no consideration under the Tate & Lyle Performance
Share Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
352,283
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
352,283
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
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
|
Rowan Adams
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
Executive Group VP, Corporate
Affairs
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of a conditional award over
shares for no consideration under the Tate & Lyle Performance
Share Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
116,801
|
Nil
|
23,360
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
140,161
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
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
|
Lindsay Beardsell
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
Executive VP, General
Counsel
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of a conditional awards over
shares for no consideration under the Tate & Lyle Performance
Share Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
165,535
|
Nil
|
33,107
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
198,642
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
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
|
Tamsin Vine
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
Chief Human Resources
Officer
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of a conditional award over
shares for no consideration under the Tate & Lyle Performance
Share
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
123,213
|
Nil
|
36,964
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
160,177
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
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
|
Melissa Law
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
President, Global
Operations
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of a conditional award over
shares for no consideration under the Tate & Lyle Performance
Share Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
173,662
|
Nil
|
52,098
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
225,760
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
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
|
Victoria Spadaro Grant
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
President, Innovation &
Commercial Development
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of conditional awards over
shares for no consideration under the Tate & Lyle Performance
Share Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
172,156
|
Nil
|
34,431
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
206,587
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
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
|
Bill Magee
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
President, North America
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of a conditional award over
shares for no consideration under the Tate & Lyle Performance
Share Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
155,314
|
Nil
|
46,594
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
201,908
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
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
|
Andrew Taylor
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
President Asia, Middle East, Africa
and Latin America
|
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 29 1/6 pence each
in the capital of Tate & Lyle PLC
GB00BP92CJ43
|
b)
|
Nature of the transaction
|
Grant of conditional awards over
shares for no consideration under the Tate & Lyle Performance
Share Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
179,540
|
Nil
|
71,816
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
251,356
Nil
|
e)
|
Date of the transaction
|
2024-07-05
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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END
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