Tate & Lyle PLC — Director's Dealing 2023

Jun 7, 2023

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RNS Number : 9867B

Tate & Lyle PLC

07 June 2023

Tate & Lyle PLC

Notification of transactions by Persons Discharging Managerial Responsibilities

Tate & Lyle PLC (the 'Company') announces that on 6 June 2023 the following transactions occurred by Persons Discharging Managerial Responsibilities ('PDMR') in respect of their interests in ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') under the Tate & Lyle Group Bonus Plan ('GBP') and the 2020 Performance Share Plan ('PSP').

Following the withholding of Shares to satisfy certain tax obligations arising on the release of Shares, PDMR interests in Shares changed as detailed in the table below:

PDMR	Date Shares released/exercised	No. of Shares acquired under the GBP	No. of Shares acquired under the PSP
Nick Hampton	6 June 2023	17,063	100,668
Rowan Adams	6 June 2023	2,909	40,055
Lindsay Beardsell	6 June 2023	4,123	56,767
Melissa Law	6 June 2023	6,917	82,081
Andrew Taylor	6 June 2023	6,487	101,370
Dawn Allen	6 June 2023	n/a	57,772
Victoria Spadaro Grant	6 June 2023	n/a	59,038
Bill Magee	6 June 2023	n/a	19,991

For tax purposes, the market value of the Shares was 795 pence per Share. No consideration was paid for the acquisition of these Shares.

Awards made under the GBP in 2021 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2021.

Awards made under the PSP in 2020 are subject to the satisfaction of performance conditions over a three-year performance period, which in this case ran from 1 April 2020 to 31 March 2023. The PSP award acquired by Mr. Hampton is subject to a further two-year post-vesting holding period.

Mr. Adams subsequently sold 40,055 Shares on 6 June 2023, at a sale price of 788.5 pence per Share. Mr. Adams continues to comply with the Executive Shareholding Policy of three times base salary.

Ms. Allen's Shares were acquired in connection with an appointment award, announced on 9 February 2022. These Shares are not subject to a two-year post-vesting holding period.

The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

Claire-Marie O'Grady

Company Secretary

7 June 2023

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

Acquisition of shares under the GBP and PSP following the release of a nil-cost conditional award and the exercise of nil-cost options over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	100,668
Nil	17,063

d)

Aggregated information

-     Aggregated volume

-     Price

117,731

Nil

e)

Date of the transaction

2023-06-06

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

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Rowan Adams

2.

Reason for the notification

a)

Position / status

Executive 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

Acquisition of shares under the GBP and PSP following the release of a nil-cost conditional award and the exercise of nil-cost options over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	2,909
Nil	40,055

d)

Aggregated information

-     Aggregated volume

-     Price

42,964

Nil

e)

Date of the transaction

2023-06-06

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

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Rowan Adams

2.

Reason for the notification

a)

Position / status

Executive 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

Sale of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£7.885	40,055

d)

Aggregated information

-     Aggregated volume

-     Price

40,055

£315,833.675

e)

Date of the transaction

2023-06-06

f)

Place of the transaction

XLON

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

Acquisition of shares under the GBP and PSP following the release of a nil-cost conditional award and the exercise of nil-cost options over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	56,767
Nil	4,123

d)

Aggregated information

-     Aggregated volume

-     Price

60,890

Nil

e)

Date of the transaction

2023-06-06

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

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

Acquisition of shares under the PSP and GBP following the release of nil-cost conditional awards over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	82,081
Nil	6,917

d)

Aggregated information

-     Aggregated volume

-     Price

88,998

Nil

e)

Date of the transaction

2023-06-06

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

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

Acquisition of shares under the PSP and GBP following the release of nil-cost conditional awards over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	101,370
Nil	6,487

d)

Aggregated information

-     Aggregated volume

-     Price

107,857

Nil

e)

Date of the transaction

2023-06-06

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

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Dawn Allen

2.

Reason for the notification

a)

Position / status

Chief Financial 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

Acquisition of shares under the PSP following the release of nil-cost conditional awards over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	57,772

d)

Aggregated information

-     Aggregated volume

-     Price

57,772

Nil

e)

Date of the transaction

2023-06-06

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

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 and 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

Acquisition of shares under the PSP following the exercise of nil-cost options over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	59,038

d)

Aggregated information

-     Aggregated volume

-     Price

59,038

Nil

e)

Date of the transaction

2023-06-06

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

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Bill (William) Magee

2.

Reason for the notification

a)

Position / status

President, Food & Beverage Solutions, 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

Acquisition of shares under the PSP following the release of nil-cost conditional awards over shares for no consideration.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	19,991

d)

Aggregated information

-     Aggregated volume

-     Price

19,991

Nil

e)

Date of the transaction

2023-06-06

f)

Place of the transaction

Outside a trading venue

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